India-UK Free Trade Agreement: A Transformational Milestone

Leading business figures from India and the United Kingdom have celebrated the announcement of a new free trade agreement between the two countries, describing it as a significant step forward in economic relations. Sunil Bharti Mittal of Bharti Enterprises emphasized the transformational potential of this deal for the industries involved.

Key sectors such as textiles, apparel, and technology are poised to benefit from reduced trade barriers and enhanced market access, as the agreement promises to spur innovation and investment. The FTA, once ratified by British Parliament, is seen as a catalyst for bilateral cooperation and shared economic growth.

The trade pact also includes a Social Security Agreement, benefiting professionals working abroad. Market leaders from both nations, including Rolls-Royce and Diageo, have expressed enthusiasm for the opportunities presented by this landmark accord, anticipating increased trade and job creation in the coming years.

(With inputs from agencies.)