India-UK Free Trade Pact: A Game-Changer for Bilateral Relations

The India-UK Comprehensive Economic and Trade Agreement (CETA) is being hailed as a transformative milestone for both countries' economic landscapes. Signed in London by Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer, the agreement is poised to dismantle longstanding trade barriers, paving the way for enhanced market access.

Industry leaders believe the pact will significantly boost sectors like engineering, manufacturing, and financial services. Amit Kalyani of Bharat Forge emphasized the zero-duty access for Indian manufacturers, while P D Singh from Standard Chartered noted the positive implications for jobs and GDP growth.

Additionally, the agreement is expected to foster advancements in climate-tech cooperation and clean energy initiatives. As regulatory barriers fall, new opportunities are emerging for textiles, healthcare, and luxury goods, creating a more favorable business environment and stimulating bilateral economic ties.

(With inputs from agencies.)