India-UK Trade Pact Raises Domestic Economic Concerns

The impending India-UK Free Trade Agreement, to be signed during Prime Minister Narendra Modi's UK visit, has sparked criticism from the Congress party, which questions its impact on India's industries.

Jairam Ramesh, a key Congress figure, warns of adverse effects on MSMEs, automobiles, and pharmaceuticals, citing tariff and patent concessions favoring UK firms.

As the government defends the agreement as beneficial for trade, concerns grow over domestic economic implications, particularly amid transitions in vehicle manufacturing and drug accessibility.

(With inputs from agencies.)