Major Economic Boost for Indian States with UK Trade Deal

As India and the United Kingdom finalize the Comprehensive Economic and Trade Agreement (CETA), several Indian states are on the brink of significant economic gains. This landmark deal aims to eliminate tariffs and facilitate smoother market access, paving the way for enhanced exports in vital sectors.

Key Benefiting Sectors: Textiles, engineering goods, pharmaceuticals, marine products, and handicrafts are among the sectors expected to see substantial growth.

State-wise Benefits Highlighted

Maharashtra: Expects higher exports of auto components, generic medicines, and garments from hubs like Pune, Mumbai, and Ichalkaranji.

Gujarat: Anticipates a boost in pharma exports from Ahmedabad, chemicals from Surat and Bharuch, engineering from Rajkot, and seafood from Veraval.

Tamil Nadu: Projects major gains in apparel from Tiruppur, leather from Vellore, and auto parts from Chennai.

Karnataka: Bangalore-based machinery and electronics exporters, along with pharma units, are set to expand their exports.

Andhra Pradesh: Looks forward to substantial gains in shrimp and seafood exports from Visakhapatnam and Kakinada.

Odisha: Hopes for improved access for seafood from Paradip and Balasore, and potential for traditional crafts in the UK market.

Punjab: Textile exporters in Ludhiana and auto parts manufacturers to benefit from UK duty elimination.

West Bengal: Exports of leather items from Kolkata, Darjeeling tea, and packaged food items expected to increase.

Kerala: Higher UK demand for shrimp, tuna, and black pepper; exporters in Kochi and Alappuzha to gain.

Rajasthan: Exports of Jaipur’s jewellery and Jodhpur’s furniture and crafts to expand due to reduced tariffs.

Delhi: MSMEs in Delhi NCR to gain from textile and jewellery exports; improved access to UK retailers.

Haryana: Exporters from Gurgaon and Faridabad to benefit from UK’s zero-duty entry for engineering and textile goods.

Uttar Pradesh: Boost to Moradabad brassware, Kanpur leather, and Noida apparel exports with FTA-driven duty elimination.