How is PM Modi's leadership shaping the India-UK FTA?
Click to start listening
Synopsis
Discover how the visionary leadership of PM Modi is transforming the India-UK free trade agreement into a historic milestone for both nations. This FTA is set to enhance bilateral relations and open new avenues for trade, benefiting industries on both sides immensely.
Key Takeaways
- The India-UK FTA represents a historic collaboration between the two nations.
- It aims to reduce tariffs on 90-95% of exports, enhancing trade.
- The agreement is expected to elevate trade to about $30 billion.
- India will gain from the UK's technological advancements.
- It opens doors for broader European trade opportunities.
New Delhi, July 25 (NationPress) The free trade agreement (FTA) between the UK and India stems from strengthened trust between the two nations, primarily attributed to the visionary leadership of Prime Minister Narendra Modi, stated Anil Agarwal, the non-executive chairman of Vedanta Group, during a conversation with IANS on Friday.
Agarwal emphasized the collaborative efforts of both countries, deeming the India-UK FTA as a remarkable and historic achievement that promises mutual benefits.
He asserted that the agreement will significantly bolster bilateral relations.
“Britain boasts a legacy of 400–500 years in industrial and technological advancements, which India stands to gain from substantially,” Agarwal noted.
The UK excels in advanced technology across sectors such as nuclear energy, defense, and automobiles, while India can export textiles, consumer goods, and everyday items, he elaborated.
This deal is anticipated to slash duties on Indian exports by 90–95 percent, potentially elevating trade between the two nations to a remarkable $30 billion, he added.
Agarwal expressed that this trade agreement with the UK is only the beginning, with prospects for broader impacts across Europe, paving the way for further opportunities.
He hailed this moment as historic, revealing that discussions took place among industrialists from both countries during the agreement's signing.
“The FTA was finalized in a very positive climate. It was essential for both nations and has opened doors for new avenues of bilateral cooperation,” he remarked.
Praising PM Modi's notable visit, Agarwal mentioned that the Prime Minister's charisma left a lasting impression on Londoners as he warmly interacted with the public, visited local tea stalls, savored masala chai, and engaged with people at various booths.
Under the terms of the agreement, India will reduce tariffs on 90 percent of UK-origin goods, while the UK will cut duties on 99 percent of Indian exports.
This is expected to significantly streamline customs processes and regulatory hurdles across various sectors. The FTA also aims to position Indian agricultural exports competitively alongside major European countries like Germany.
Additionally, zero-duty access for Indian textiles and leather goods is likely to strengthen India’s competitive advantage over regional exporters such as Bangladesh and Cambodia.
Officials project that UK exports to India could rise by around 60 percent in the long run due to this agreement.
Point of View
This trade agreement signifies a pivotal moment for India, reinforcing our commitment to fostering international relations while ensuring economic growth. It highlights our strategic partnerships and reflects the potential for increased trade and cooperation in a globalized world, aligning with our national interests.
NationPress
26/07/2025
Frequently Asked Questions
What is the India-UK Free Trade Agreement?
The India-UK Free Trade Agreement (FTA) is a bilateral trade deal aimed at enhancing economic ties between India and the UK through reduced tariffs and increased trade opportunities.
How will the FTA benefit India?
The FTA is expected to significantly reduce duties on Indian exports, potentially increasing trade value and providing Indian businesses with greater access to the UK market.
What sectors will be impacted by the agreement?
Key sectors include textiles, automobiles, nuclear energy, and defense, with both countries poised to benefit from mutual trade enhancements.
What are the long-term projections for UK exports to India?
Officials anticipate that UK exports to India could increase by approximately 60 percent in the long term due to the FTA.
What role did PM Modi play in this agreement?
PM Modi's leadership has been pivotal in building trust and facilitating negotiations that led to the signing of the FTA, showcasing India’s commitment to international trade.
