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Indian IT sector to benefit from hard Brexit

The difficulty of Brexit could work in the favour of India’s IT sector, according to an industry insider. Former NASSCOM President, R Chandrashekhar stated that “… they (the UK) have already indicated that they want to be more open to high-skilled manpower from India because in the current European Union regime, it is obviously easy for people from Europe to go to the UK compared to from India, even highly-skilled people. So, that disadvantage which Indian IT companies were having will reduce and to that extent, it would also be an opportunity.” However, he does not rule out the fact that Brexit could have a detrimental effect on UK’s economy.