Brexit to impact IT industry in short-term'

Bengaluru: Britain exiting the European Union (EU) would impact the Indian IT industry in the short-term owing to volatility in the exchange rate, uncertainty and terms of exit, a top industry representative said on Friday.

"The impact of Brexit will certainly be negative in the short-term on account of volatility in the exchange rate, uncertainty in the markets and the terms on which Britain will leave the EU," Nasscom president R. Chandrashekhar told IANS.

Britain voted 52-48 per cent to leave the EU after 43 years in a historic referendum on Thursday.

The turnout was 71.8 per cent -- with more than 30 million people voting. This was the highest turnout at a British poll since 1992.