- Transformative Trade Benefits: The India-UK Free Trade Agreement (FTA) grants zero-duty access for 99% of Indian exports, significantly enhancing India’s competitiveness in the UK market and creating unprecedented opportunities for labor-intensive sectors like textiles, marine products, and leather.
- Enhanced Services and Mobility: The FTA offers ambitious market access in services, including IT, financial, and educational sectors, alongside a three-year exemption from social security contributions for Indian professionals, promoting greater mobility and cost savings for workers and employers.
- Strategic Economic Growth: With expectations to double bilateral trade to USD 60 billion by 2030, the agreement focuses on empowering MSMEs and innovators, reinforcing regulatory transparency, and aligning with India’s vision for sustainable development, marking a new era of mutual growth and prosperity.
Source Darda Advisors LLP
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