India and UK Seal Historic Free Trade Deal Slashing Tariffs and Opening Markets

India and the United Kingdom have signed a landmark free trade agreement during Prime Minister Narendra Modi's visit to the UK.

The deal eliminates or reduces tariffs on a wide range of goods, including cars, textiles, whisky, chocolates, and cosmetics, making these products cheaper for consumers in both countries. The agreement is expected to boost bilateral trade by up to $34 billion, create thousands of jobs, and attract billions in new investment. Both leaders hailed the deal as a major step forward in economic cooperation, with additional commitments on technology, AI, and regulatory clarity for key sectors.

While the deal is widely celebrated, some domestic industries in both countries have expressed concerns about increased competition and potential market disruptions.