India and the United Kingdom have signed a landmark free trade agreement during Prime Minister Narendra Modi's visit to the UK.
The deal will eliminate or reduce tariffs on a wide range of goods, including cars, Scotch whisky, textiles, and medical devices, making these products cheaper in both countries. The agreement is expected to double bilateral trade to over $100 billion by 2030, create thousands of jobs, and attract billions in investment. While the deal is hailed as a major post-Brexit win for the UK and a sign of India's openness to global trade, some sectors, such as UK carmakers, expressed disappointment over the pace of tariff reductions.
The pact also includes provisions for increased skilled migration and greater market access for both sides.
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