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LABOUR INTENSIVE, FARM SECTORS TO GET SIGNIFICANT BOOST: INDIA
The New Indian Express Kottayam
|July 25, 2025
As the India-UK trade agreement officially signed on Thursday, the trade between the two countries is expected touch $100 billion by 2030.
India is hoping the deal would give a boost to labour-intensive and farm sectors.
The FTA, finalised in May and signed on Thursday by Prime Minister Narendra Modi and UK Prime Minister Keir Starmer, eliminates 99% of UK tariff lines and nearly 100% of trade by value. In return, India will progressively cut duties on 90% of its tariff lines, with 85% of UK exports becoming duty-free over the next decade.
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