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India and UK Forge Stronger Ties with Landmark Trade Deal
Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer hailed the transformative potential of the recently signed India–UK Free Trade Agreement (FTA) during their joint engagements in Mumbai.
The deal, finalized in July 2025, is projected to boost bilateral trade by £25.5 billion ($34 billion) by 2040, cutting tariffs on goods ranging from textiles to whisky and cars, while expanding market access for businesses in both nations.
Starmer, leading the largest-ever UK business delegation to India, emphasized that the agreement represents Britain’s most significant trade pact since Brexit. He noted that in just three months since signing, trade and investment flows have already risen by £6 billion.
Modi described India and the UK as “natural partners,” highlighting the synergy between India’s economic dynamism and Britain’s expertise. He expressed confidence that bilateral trade, currently valued at $56 billion, could double well before the 2030 target.
Beyond trade, the visit also unveiled £1.3 billion in new Indian investments in the UK, collaborations in defence, renewable energy, and artificial intelligence, and approvals for UK universities to establish campuses in India.
Both leaders framed the agreement as more than an economic pact—calling it a strategic partnership that strengthens cultural, educational, and technological ties while creating thousands of high-skilled jobs on both sides.
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