Ashish Chauhan, chief executive of the Bombay Exchange, said Britain leaving the EU was both “an opportunity and a threat” to improve trading relations with Asia.
But he warned the UK not to get “carried away,” adding: “The UK would be better off working with democracies.
“It’s easy to get carried away with fast results from non-democracies.”
When asked to clarify what he meant by “non-democracies”, Mr Chauhan pointed to China, according to the Daily Telegraph.