Historic Milestone in UK-India Trade Relations

India's Trade Ministry has hailed the newly signed free trade agreement with the United Kingdom as a groundbreaking achievement. This deal is set to open up vast economic opportunities across various sectors, including goods and services.

Boost for Indian Exports

Under this landmark agreement, 99% of Indian exports will enjoy zero-duty access to the British market. This is expected to significantly benefit job-creating sectors such as textiles, leather, marine products, toys, and gems and jewellery.

Key Sectors to Benefit

The deal also promises to be a boon for engineering goods, automotive components, and organic chemicals. Moreover, India's service industries, including IT and financial services, stand to gain immensely. A notable win is the three-year exemption from social security contributions for Indian workers in the UK.