UK and India Forge Historic Trade Deal to Propel Economic Growth

Prime Minister Keir Starmer is preparing to welcome Indian Prime Minister Narendra Modi in the United Kingdom to sign a new trade agreement projected to elevate bilateral trade by £25.5 billion each year. This groundbreaking deal, according to the British High Commission, promises to create thousands of jobs and stimulate growth in both nations.

The UK-India trade deal, celebrated as India's most comprehensive and the UK's most economically significant post-Brexit agreement, aims to improve market access significantly. It will also offer cheaper goods and services to consumers, as envisioned in the UK-India Vision 2035, which outlines a strategy to deepen cooperation across numerous sectors, including defense, climate change, and education.

Marking the first anniversary of the UK-India Technology Security Initiative, the two nations are committed to enhancing national security through cutting-edge technology. Starmer highlighted the agreement as a significant victory for Britain, showcasing its potential to generate jobs and bolster economic growth. The deal also includes tariff reductions on Indian goods, benefiting both British and Indian consumers, and bolstering India's exports to the UK.

(With inputs from agencies.)