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 bilateral relations.
The deal will significantly reduce tariffs on a wide range of goods, including whisky, cars, textiles, and seafood, and is expected to boost bilateral trade by over $34 billion annually. Key sectors in both countries, such as textiles, leather, and premium spirits, are set to benefit, while the agreement is projected to create thousands of jobs and attract billions in investment. The FTA also includes provisions for greater market access, new visa routes, and steps toward gender inclusion, though some sectors, like electric vehicles and public health, have raised concerns.
This agreement is seen as a pivotal move for both nations, with India signaling openness to further trade deals with the EU and US.
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