Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Brexit Might Bring Some Good News For Indian IT World

Equitypandit_Brexit

Brexit can turn out to be good news for Indian IT sector as British Prime Minister Theresa May has stated that Brexit would level the playing field for migrant workers in the UK, with migrants from the European Union (EU) no longer be able to unfairly move ahead from those from countries like India.

Addressing the Confederation of British Industry (CBI) annual conference in London, she said, “Once we have left the EU, we will be fully in control of who comes here. It will no longer be the case that EU nationals, regardless of the skills or experience they have to offer, can jump the queue ahead of engineers from Sydney or software developers from Delhi,”

The British PM in her speech said, “Instead of a system based on where a person is from, we will have one that is built around the talents and skills a person has to offer,”, adding that the core of the post-Brexit immigration system will be “skills-based” rather than “quota-based”.

Currently, workers from non-EU countries like India have to undergo strict visa application requirements meanwhile, due to the EU freedom of movement rules, migrant workers from within the economic bloc are free to come in and find work in the UK.

The UK government has also indicated that after Britain’s exit from the economic bloc (EU), workers from all part of the world will be subjected to uniform visa laws.

Read EquityPandit’s Nifty IT Outlook for the Week

Get Daily Prediction & Stocks Tips On Your Mobile