India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) expected to boost bilateral trade by over $34 billion annually.
The deal, finalized during Prime Minister Modi's visit to the UK, will cut tariffs on a wide range of goods including cars, Scotch whisky, textiles, and agricultural products, making many items cheaper for consumers in both countries. The agreement is projected to create thousands of jobs, attract billions in investment, and provide Indian exporters a competitive edge over rivals like China and Bangladesh. While the pact is hailed as a 'win-win' for both nations, some Indian industries have raised concerns about potential disadvantages, and there are debates about its impact on public health and intellectual property rights.
The FTA also includes provisions for gender empowerment and sets a roadmap for deeper India-UK cooperation through 2035.
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