India-UK Trade Deal: A Game Changer for Apparel and More

The India-UK Free Trade Agreement (FTA) promises to bolster India's exports by removing import duties on several Indian goods in labor-intensive sectors. This strategic move enhances the competitiveness of Indian exporters in the UK market, enabling a favorable position against competitors like Bangladesh and Vietnam.

According to SC Ralhan, President of the Federation of Indian Export Organisations (FIEO), the elimination of tariffs will significantly boost India's market stance. With tariffs lower or eradicated, Indian exporters gain preferential access to one of the world's richest markets, potentially driving higher export numbers and expanding market share.

Economic stakeholders predict substantial growth across various sectors. Apparel exports to the UK are set to surge, with potential increases in other areas such as footwear and marine products. Meanwhile, the FTA aims to deepen bilateral trade relations, positioning India as a strong manufacturing and export partner on a global scale.

(With inputs from agencies.)