How Indian economy stands to gain from FTA with UK

Modi, Starmer discuss

GN Bureau | July 24, 2025


#Diplomacy   #Economy   #Trade   #UK   #Narendra Modi  


India and the UK signed a landmark Comprehensive Economic and Trade Agreement (CETA) on Thursday, as the visiting prime minister, Narendra Modi, and his UK counterpart Keir Starmer discussed Technology Security Initiative, defence & security, energy & climate, education and people-to-people ties too. 

Modi met Starmer at the Chequers Estate in London and they reviewed the Comprehensive Strategic Partnership with a renewed focus under India–UK Vision 2035. They also discussed regional & global issues of mutual interest, according to an official statement.

“Thankful to PM Keir Starmer for the warm welcome at Chequers,” Modi noted in an X post. “Our discussions reflect a shared commitment to deepen India-UK ties across sectors.”

In a statement, he expressed happiness at the conclusion of the Comprehensive Economic and Trade Agreement. He called it "not just an economic partnership but a blueprint for shared prosperity". 

This is how India stands to gain from the treaty:

* Strengthens manufacturing & exports, supports MSME growth, creates massive job opportunities
* Big overseas avenues open up for India’s skilled workforce
* Strengthens supply chain resilience, fosters tech collaboration
* Promotes digital transformation, cross-border innovation

Massive Export Boost:

* Duty Free Access for about 99% of Indian exports
* Nearly 100% of India’s trade value to be DUTY FREE

Empowering women and young professionals


➣ First-ever trade deal with gender inclusive provisions for women 

➣ 75,000 Indian workers exempted from UK social security payments for 3 years 

India-UK FTA: Unlocking new opportunities for trade, growth, and global leadership 

➣ #MakeInIndia gets a fast track to the global market

➣ $56 Billion+ trade set to double by 2030

➣ 99% of Indian exports to the UK will enjoy zero duty access

➣ Boost to India's chemical exports by 30-40%

India-UK Free Trade Agreement opening new gateways for growth across key sectors! 

➣ Jewellery exports expected to double within 2-3 days

➣ Zero-duty access to the UK for Indian electronics

➣ UK tariffs eliminated, improving price realization for Indian seafood exporters  

➣ #UK to offer duty-free access on 95%+ agri tariff lines

➣ 1,659 engineering tariff lines will now enter the UK with zero import duties

➣ Zero-tariff provisions to enhance the competitiveness of Indian generics in the UK market

Comments

 

Other News

Supreme Court judge strength to go up by four to 37

The strength of the Supreme Court is set to go up from 33 judges to 37 judges, paving the way for a more efficient and speedier justice. The Union Cabinet on Tuesday approved the proposal for introducing The Supreme Court (Number of Judges) Amendment Bill, 2026 in Parliament to amend The Sup

BJP set to capture West Bengal

The political map of the country is set to be redrawn with the BJP set to win the West Bengal assembly elections, apart from Assam and the union territory of Puducherry. In Kerala, meanwhile, the Congress-led UDF is set to regain power. The filmstar Vijay-led TVK has emerged as the front-runner in Tamil Na

Beyond LPG: Is PNG ready for India’s next cooking fuel transition?

India, the second-largest importer and consumer of LPG after China, faces growing pressure due to supply constraints. Most of India`s LPG imports transit through the Strait of Hormuz, a focal point of global turmoil. Given that LPG forms the backbone of household kitchens and the restaurant industry, any s

Maharashtra adopts hybrid model for Census 2026 data collection

The government has initiated preparations for Census 2026 in Maharashtra, introducing a hybrid approach that combines optional self-enumeration with comprehensive door-to-door data collection to ensure complete coverage across the state.   According to senior officials, the Self-

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages  

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter