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If UK leaves, will other EU countries follow lead, asks JPMorgan

India, who is not insulated from Brexit, is likely to be cushioned on back on strong fundamentals, says Sajjid Chinoy of JPMorgan.

June 24, 2016 / 10:55 IST
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The UK is all set to decide its fate on whether to continue staying in the European Union or break away. The vote counting is on for the UK referendum and the results are expected at around noon today. If Brexit happens, economies all over the world are expected to get hit. India, who is not insulated either, is likely to be cushioned on back on strong fundamentals, says Sajjid Chinoy of JPMorgan. Other emerging markets except India are far vulnerable. The situation is like the World War II, but with the concern that if UK leaves, will the other EU companies too decide to drift away, he adds. Watch video for more..

first published: Jun 24, 2016 09:11 am

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