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 provide zero-duty access to the British market for 99% of Indian exports, promising to significantly boost sectors such as textiles, leather, marine products, toys, and gems and jewellery.

Key Sectors to Benefit

Among the major beneficiaries are engineering goods, automotive components, and organic chemicals. The agreement also marks a significant advancement 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, further cementing the deal's benefits.