India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Narendra Modi's visit to the UK.
The deal will significantly reduce tariffs on a wide range of goods, including Scotch whisky, cars, textiles, and medical devices, making many products cheaper for consumers in both countries. The agreement is expected to double bilateral trade to $120 billion by 2030, create thousands of jobs, and attract nearly £6 billion in new investment. While sectors like Indian textiles and British spirits are set to benefit, some industries, such as UK carmakers, expressed disappointment over the phased tariff reductions.
The FTA is being hailed as the most significant UK trade deal since Brexit and a major step forward in India’s global economic integration.
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