A CORPORATE COUP

The UK-India Free Trade Agreement primarily serves corporate interests, offering substantial gains to businesses while leaving ordinary workers on both sides largely untouched

- Bhabani Shankar Nayak

It's a charming British summer for corporations, following the long-awaited UK-India trade deal signed after three years of negotiations.

The Labour Party-led British government has hailed the agreement as "the best deal India has ever agreed to, providing businesses with security and confidence to trade," and describes it as "a deal for growth." British Prime Minister Sir Keir Starmer stated that the deal would "deliver for British people and business" by boosting the UK economy. Using the Computable General Equilibrium (CGE) model known as the Global Trade Analysis Project (GTAP), the Department for Business and Trade (DBT) projects that UK exports to India will increase by 59.4%, adding £15.7 billion to the British economy and increasing bilateral trade with India by £25.5 billion.