Leave

1. Membership fee: Brexit would result in an immediate cost saving of around 8.5bn as
the country would no longer contribute to the EU. It is harder to determine whether the
financial advantages of EU membership, such as free trade and inward investment
outweigh the upfront costs.
2. Trade: Britain risks losing the business EU negotiates for, but it would be free to
establish its own trade agreements. Britain could follow the lead of Norway, which has
access to the single market but is not bound by EU laws on areas such as agriculture,
justice and home affairs. UK could also adopt a Canada-style trade arrangement. They
could strike a deal based on trade and getting rid of tariffs. A vast majority of small and
medium sized firms do not trade with the EU but are restricted by a huge regulatory
burden imposed from abroad. The foreseeable loss could be offset by maintaining current
trade-setup and pursuing ambitious deregulation.
3. Investment: Free from EU rules and regulations, Britain could reinvent itself as a
Singapore-style supercharged economy. UK's Automobile industry will be hit as it would
not be able to sell duty free cars in EU, also tax revenues could take a plunge if big
players like banks moved their HQs to EU but this can be undermined by the fact that UK
is the strongest economy of EU and its exit would prompt many of other 27 nations to
follow suit. The UK would then be seen as a safe haven from those risks, attracting
investors, boosting the pound and reducing the risk that Scotland would leave the relative
safety of the UK for an increasingly uncertain EU.
4. Sovereignty: EU is an attempt to replace the democratic power of the people with a
permanent administration in the interests of big business. EU institutions have drained
power from the British Parliament.
5. Immigration: Under EU law, Britain cannot prevent anyone from another member state
coming to live in the country while Britons benefit from an equivalent right to live and
work anywhere else in the EU. The result has been a huge increase in immigration into
Britain, particularly from eastern and southern Europe. Leaving the EU was the only way
to "regain control of our borders".
6. Britain's place in the world: Leaving the EU will allow Britain to re-establish itself as a
truly independent nation with connections to the rest of the world. Brexit would bring
some clear-cut advantages like regaining control over fishing rights around its coast. The
UK will remain a member of NATO and the UN, but it may be regarded as a less useful
partner by its key ally, the US.
7. Security: By leaving EU, UK can decide who enters UK and who doesn't. We would still
be members of NATO, Security Council etc. this would reduce the terrorist threat to a
great extent.

Effect of Brexit on India

In the long-term the Indian Economy is well poised to absorb the shock of Brexit
with a miniscule dent.

In the short-term the stock exchange took a hit as the investors withdrew their money
from companies having interests in UK and EU. This money was invested in safe assets
like gold whose prices have gone up by as much as 8.1%
Investors are set to gain. As the pound and euro currencies take a hit (comparatively
much larger than the rupee) it would become cheaper to acquire properties in Europe.
India is a net exporter to UK. With EU sanctions (in case of Brexit) UK is most likely to
look for new emerging markets for its automobile industry which countries like India
will be happy to provide if UK enters bilateral negotiations to reduce regulations on
Indian textile, handicraft and pharmaceutical industry.( they would still be reduced as EU
places very stringent regulations)
Disintegration of EU( starting with GREXIT and BREXIT) would better Indias position
in the world.
The major exports to EU are IT products. With UK exit many Indian companies would
require to set-up offices elsewhere in EU (This could hit the companies balance sheets).
With EU regulations removed from UK once it exits it would be far more easier to do
business with UK(One-third of all business with UK is in IT industry).