Articles Aug 01, 2016 Brexit's impact on India BREXIT will have a short-term impact on India’s economy, but the storm will be weathered over the long run, writes Devendra Kumar Vyas. Brexit as an event will impact the future of the UK and EU. This victory for exit, however narrow, came as a surprise as pre-voting polls predicted the results to be otherwise. The next step is to ratify the Article 50 of the Lisbon Treaty. But before the treaty there are a lot of issues which need to be worked out. There are differences in opinion in the UK over when to trigger the Article. and timeline of implementation.