India and the United Kingdom have signed a landmark <strong>Free Trade Agreement (FTA)</strong> during Prime Minister Narendra Modi's visit to London, marking the most ambitious trade pact for India in over a decade.
The deal will significantly reduce tariffs on a wide range of goods, including textiles, whisky, cars, seafood, and spices, and is projected to boost bilateral trade by over $34 billion annually. The agreement also includes provisions for increased investment, new visa routes, and exemptions from social security payments for Indian professionals in the UK. While the deal is celebrated as a 'win-win' for both nations, some Indian liquor companies and UK carmakers have expressed concerns about specific sectoral impacts.
The FTA is expected to be implemented within a few months and is seen as a strategic move by India as it eyes similar agreements with the EU and US.
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