Brexit to benefit select Indian firms, but only in the long-run: Analysts

Indian auto, pharma, IT and chemicals sectors are among sectors having significant reliance on UK and European nations

The United Kingdom (UK) and the European Union (EU) last week struck a historic Brexit deal that cheered global markets, including investors back home. Though most analysts remain bullish on the prospects of companies that do business with the region, but caution that the benefit, if any, will be visible only over the long-term.

The UK and the EU have been in complex negotiations since March to try to keep their trade in goods flowing from January 1, 2021. The deal announced on Thursday means that this goods trade – roughly half of the $900 billion of annual EU-UK commerce