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India-UK apparel, home textiles trade to double under FTA: ICRA
The Daily Guardian
|May 19, 2025
India's apparel and home textiles trade with the United Kingdom is poised for significant growth, with volumes expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two countries, as per a report by credit rating agency ICRA.
The FTA is expected to be operational in calendar year (CY) 2026, subject to legal review.
"India's apparel and home textiles trade with the UK is expected to double from its current levels in the next 5-6 years, owing to the recently concluded FTA between India and the UK," the report added.
The UK and India entered into an FTA on May 6, following approximately three years of negotiations.
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