India and the United Kingdom have signed a landmark free trade agreement, hailed as historic by both Prime Ministers Narendra Modi and Keir Starmer.
The deal will significantly reduce tariffs on a wide range of goods, including whisky, cars, textiles, and chocolates, and is expected to boost bilateral trade by over $34 billion annually. Key sectors such as textiles, leather, and food processing in India, as well as British exporters, stand to benefit, while the agreement also includes new visa routes and investment commitments. The pact marks a major shift in India's trade policy, signaling openness to global markets and setting a precedent for future deals with the EU and US.
However, some industries and public health advocates have raised concerns about potential downsides, and certain tariff reductions will be phased in over several years.
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