India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Modi's visit to the UK, marking a major milestone in their economic partnership.
The deal is expected to boost bilateral trade by over $34 billion annually, cut tariffs on a wide range of goods including textiles, whisky, cars, and food products, and provide greater market access for both countries. Key sectors such as textiles, leather, pharmaceuticals, and alcoholic beverages are set to benefit, with Indian farmers and food processors among the biggest winners. The agreement also includes provisions for increased investment, job creation, and easier movement for skilled workers.
While hailed as a strategic win for both nations, some concerns remain over public health and the exclusion of certain sectors like electric vehicles.
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