India Celebrates a Milestone Trade Agreement with the UK

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 open up vast economic opportunities across various sectors, with 99% of Indian exports benefiting from zero-duty access to the British market.

Key Sectors to Benefit

Sectors such as textiles, leather, marine products, toys, and gems and jewellery are expected to see significant growth, creating numerous jobs. Additionally, engineering goods, automotive components, and organic chemicals are among the key beneficiaries of this agreement.

Advantages for Service Industries and Workers

The deal also promises substantial gains for India's service industries, including IT and financial services. A notable highlight is the three-year exemption from social security contributions for Indian workers in the UK, marking a major win for labor mobility.