India-UK Trade Pact Sealed: 99% of Indian Exports

India-UK Trade Pact Sealed

News: On July 24, 2025, India and the UK signed a landmark Free Trade Agreement (FTA), granting 99% of Indian exports duty-free access to UK markets.

Key beneficiaries include marine products, textiles, chemicals, base metals, and processed foods. In return, India will reduce tariffs on UK exports from 15% to 3%, with whisky duties dropping from 150% to 75%, and further to 40% over 10 years.

The deal also boosts UK access to India’s clean energy, insurance, and professional services sectors.

Projected outcomes include a £4.8 billion annual boost to the UK economy, a 60% rise in UK exports to India, and a 39% increase in bilateral trade, reaching £25.5 billion annually by 2040.