How will it affect developing countries like India and China in terms of international trade and investment?

There is a high chance of possible British exit from the EU (called Brexit). It is a word that owes something to the term “Grexit”, which has been used for several years to refer to the possibility that Greece might leave the eurozone

The probability of EU’s biggest and richest economies leaving the bloc is causing anxiety amongst governments and businesses alike

Q1. What is the European Union? Give details of its members(like GDP per capita, trade volume, major exports to the world?

Q2. How will Brexit affect the other economies of EU? How will it affect businesses?

Q3. How will it affect developing countries like India and China in terms of international trade and investment? How will it affect businesses?

Q4. Are you against or for the Brexit? Please give reasons.