India and the United Kingdom have signed a landmark free trade agreement during Prime Minister Narendra Modi's visit to the UK, marking a major milestone in bilateral relations.
The deal will significantly reduce tariffs on a wide range of goods, including Scotch whisky, textiles, cars, and agricultural products, and is expected to boost annual trade by over $34 billion. Key sectors in both countries, such as Indian farmers, textile exporters, and British whisky producers, stand to benefit from increased market access and lower costs. The agreement also introduces new visa routes and investment opportunities, while raising some concerns about impacts on local industries and public health.
This FTA signals India's gradual shift toward greater market openness and sets a precedent for future trade negotiations with other major economies.
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