Boris Johnson is not the only one celebrating a historic majority for UK conservatives— a bunch of Indian stocks are thrilled too

• Boris Johnson has won a historic majority for the conservatives in the United Kingdom, not seen since Margaret Thatcher.
• With 326 of 650 Parliament seats, Prime Minister Johnson has enough strength to 'Get Brexit Done'.
• The UK will be out of the European Union by January end and while that will still hurt the economy, it ends a lot of uncertainty.
• There are a record 842 Indian companies operating in the UK, with combined revenues of over £48 billion.

Boris Johnson has a historic majority for the conservatives in the United Kingdom, not seen since Margaret Thatcher. With a whopping 326 seats for the winning side, according to the BBC, Prime Minister Johnson has more than enough strength in the 650-member Parliament to 'Get Brexit Done' i.e. the UK will be out of the European Union by January end, which was his election promise.

Soon after, a bunch of Indian stocks rallied on Thursday celebrating a possible deal that will end the uncertainty as they derive a big chunk of their business from the UK. Three of those companies were from the Tata Group namely, Tata Consultancy Services (TCS), Tata Communications, and Tata Motors, which owns the UK-based Jaguar Land Rover brands of luxury cars.

There are now a record 842 Indian companies operating in the UK, with combined revenues of over £48 billion, according to a Grant Thornton report in April 2019. Only eight of those companies have an annual revenue of over £250 million.


This would mark the end of an uncertainty, that has lingered on since the people of Britain voted to leave the EU for the first time June 2016. While leaving the monetary union will still be a setback for the British economy⁠— a recent estimate estimated a 1.1% to 2.6% contraction in GDP⁠— businesses are heaving a sigh of relief that at least the problems will be more predictable now.

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