India's Trade Ministry Marks a New Era with UK

On Tuesday, India's Trade Ministry hailed the newly signed free trade agreement with the United Kingdom as a "historic" milestone. This landmark deal is set to unlock substantial economic opportunities across a wide range of goods and services, promising to reshape the trade landscape between the two nations.

Boost for Indian Exports

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

Key Sectors to Benefit

Among the major beneficiaries are engineering goods, automotive components, and organic chemicals. The deal also shines a spotlight on India's service industries, including IT and financial services, highlighting the comprehensive nature of the agreement.

A Win for Indian Workers in the UK

Adding to the deal's benefits, Indian workers in the UK will enjoy a three-year exemption from social security contributions, marking another significant victory for India in the negotiations.