Historic Milestone for India-UK Trade Relations

India's Trade Ministry has hailed the newly signed free trade agreement with the United Kingdom as a "historic" achievement. This landmark deal is set to unlock vast economic opportunities for both goods and services, marking a new era in bilateral trade.

Boost for Indian Exports and Job Creation

Under the agreement, an impressive 99% of Indian exports will benefit from zero-duty access to the UK market. This significant advantage is expected to propel job-creating sectors such as textiles, leather, marine products, toys, and gems and jewellery to new heights.

Wider Economic Benefits and Key Sectors

Engineering goods, automotive components, and organic chemicals are among the key sectors poised to gain from this deal. Additionally, the agreement underscores the importance of service industries, including IT and financial services, with a notable three-year exemption from social security contributions for Indian workers in the UK.