Brief by Shorts91 Newsdesk / 12:20pm on 24 Jul 2025,Thursday India Global
India and the UK formally signed a landmark Free Trade Agreement on July 24, 2025—described by PM Modi as a “historic day” that will significantly benefit youth, farmers, fishermen, and MSMEs . The deal eliminates tariffs on approximately 99 % of Indian exports—spanning textiles, seafood, gems, engineering goods—while reducing duties on British medical devices, cars, and whisky . Forecasts suggest it could boost bilateral trade by roughly £25.5 billion annually and add about £4.8 billion per year to the UK economy . Signed at Chequers in the presence of PMs Modi and Starmer, it also heralds the launch of a “Vision 2035” strategic roadmap. (PC: Financial Express)
