India and UK Seal Landmark Free Trade Deal Slashing Tariffs and Boosting Bilateral Trade

India and the United Kingdom have signed a historic free trade agreement during Prime Minister Narendra Modi's visit to the UK.

The deal eliminates or reduces tariffs on a wide range of goods, including cars, textiles, whisky, chocolates, and cosmetics, making these products cheaper for consumers in both countries. The agreement is expected to boost bilateral trade by up to $34 billion, create thousands of jobs, and attract significant new investment. Both leaders hailed the deal as a major post-Brexit milestone for the UK and a game-changer for Indian exporters, with expanded market access and regulatory clarity in sectors like pharmaceuticals and technology.

While some domestic industries in both countries have expressed concerns about increased competition, the overall sentiment is that the deal will strengthen economic ties and set a precedent for future international trade agreements.