Brexit to benefit Indian firms only in the long run, say analysts

Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names

The United Kingdom (UK) and European Union (EU), last week, struck a historic Brexit deal that cheered global markets, including investors back home.
 
Though most market experts remain bullish on the prospects of companies that do business with the region, they caution that any benefit will be visible over the long term.
 
The UK and the EU have been in complex negotiations since March to try and 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