Brief by Shorts91 Newsdesk / 10:48am on 24 Jul 2025,Thursday India Global
India and the UK signed a landmark Free Trade Agreement (FTA) on Thursday during PM Narendra Modi’s visit to Chequers. Modi called it “a historic day,” while UK PM Keir Starmer described it as the “most significant deal since leaving the EU.” The FTA reduces India’s average import tariff from 15% to 3% and grants 99% of Indian exports duty-free UK access. Key sectors—textiles, gems, engineering goods, IT, education—will benefit. Starmer said the pact will “boost wages, create jobs, and raise living standards.” Modi said the FTA aligns with India’s Viksit Bharat 2047 vision and empowers youth, MSMEs, and exporters.
