India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Modi's visit to the UK, marking a major shift in their economic relationship.
The deal will significantly reduce tariffs on key goods such as Scotch whisky, cars, and textiles, and is expected to boost bilateral trade by over $34 billion annually. The agreement also promises to create thousands of jobs, attract billions in investment, and open new visa routes for professionals. While the FTA is hailed as a 'win-win' for both nations, some Indian industries have raised concerns about increased competition and potential public health impacts.
This deal signals India's gradual move towards market openness and sets a template for future trade agreements with other major economies.
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