India and the United Kingdom have signed a landmark free trade agreement, hailed as a historic step in strengthening economic ties between the two nations.
The deal will significantly reduce tariffs on a wide range of goods, including Scotch whisky, cars, textiles, and pharmaceuticals, and is expected to double bilateral trade to $120 billion by 2030. Thousands of jobs and billions in investments are projected for both countries, with new opportunities for Indian exporters and British manufacturers. The agreement also includes provisions for mutual recognition of professional qualifications and a roadmap for future cooperation in technology and defense.
While the deal is celebrated as a win-win, some sectors in both countries have raised concerns about competition and regulatory challenges.
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