India-UK FTA: A Gateway to Unprecedented Trade Growth

Industry bodies have lauded the India-UK Free Trade Agreement (FTA), highlighting its potential to significantly bolster Indian exporters' presence in the UK market amidst global economic uncertainties. The ambitious agreement targets elevating bilateral trade to a staggering $100 billion by 2030.

Sector-Specific Benefits and Strategic Partnerships

The FTA is expected to provide a substantial boost to key sectors such as FMCG, healthcare, and innovation-driven businesses. Ficci President Harsha Vardhan Agarwal praised the agreement as a reflection of India's growing global economic stature under Prime Minister Modi's leadership.

Implementation and Competitive Edge

Experts emphasize the importance of effective implementation and the ability of Indian businesses to leverage enhanced market access while competing with UK imports. The deal also opens doors for Indian professionals in the UK, maintaining the current points-based immigration system.

Trade Figures and Future Prospects

With bilateral trade reaching $21.34 billion in 2023-24, the FTA is poised to further this growth, offering Indian consumers access to superior products at competitive prices and providing UK businesses with opportunities in India's vast market.