Too early to understand Brexit implications on Indian business, students: MEA

NEW DELHI: India was closely following the recent Brexit-related developments, External Affairs Ministry said today, noting that it is too early to understand the implications of the UK's exit from the EU on Indian businesses and students.

"We have been following recent developments very closely. We will have to wait and see the nature of the relationship that will evolve between the UK and European Union," MEA Spokesperson Vikas Swarup said.

He also emphasised that India has a strong and multifaceted relationship with the UK and the EU and are committed to strengthening these ties further.

"Following the referendum results, our High Commissioner in London organised a meeting with representatives of various sectors of the Indian businesses to understand their reaction to the referendum results.

"Considering that the UK, the EU and the world at large are still trying to grapple with understanding the referendum, it is too early to understand implications of Brexit on Indian businesses and students," Swarup said.

After a referendum last month to decide whether the UK should leave or remain in the European Union, the 'leave' won by 52 percent to 48 percent.