A New Era in Trade: UK-India Pact Fuels Economic Growth
British Prime Minister Keir Starmer, on his India visit, highlights the unprecedented opportunities presented by the UK-India Free Trade Agreement. With India's impending rise as the world's third largest economy by 2028, the deal aims to cut tariffs, enhance business opportunities, and foster mutual economic growth.
- Country:
- India
The UK and India are set to unlock tremendous economic potential following a historic free trade agreement, British Prime Minister Keir Starmer stated during his inaugural visit to India. Starmer underscored that the deal, signed in July, is a crucial launchpad for growth as India ascends to become the third-largest global economy by 2028.
Accompanied by a delegation of 125 prominent UK business leaders, Starmer landed in Mumbai, aiming to strengthen bilateral trade relations further. Discussions with Indian Prime Minister Narendra Modi will explore diverse avenues to cement this critical international partnership.
The agreement, lauded as the best secured by any country with India, will substantially lower tariffs on British goods, creating fresh opportunities for UK businesses to thrive in one of the world's fastest-growing markets.
(With inputs from agencies.)
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