The High Commission of India organised a special community interaction with members of the Indian diaspora at India House in London, shortly after the successful completion of Operation Sindoor.
As India and the United Kingdom successfully conclude their Free Trade Agreement (FTA), it has to be ensured that goods traded between the two nations have sufficient local content to prevent Chinese goods from entering markets through the backdoor, according to a report by Canara Bank.
India is expected to double its market share from 6 per cent in 2024 to 12 per cent in the UK's readymade made garments (RMG) imports, translating into an incremental annual export opportunity of around USD 1.1-1.2 billion in the near to medium term, according to CareEdge Ratings.
The recently concluded Free Trade Agreement between India and the United Kingdom is expected to benefit both nations economically and could also pave the way for similar agreements with other countries such as the United States and the European Union, says a report by Bank of Baroda.
Sharing more details on the India-UK FTA, Union Commerce and Industry Minister Piyush Goyal said that UK-based suppliers will be eligible to bid for government tenders only for orders of more than Rs 200 crore.
India should approach the implementation of the Government Procurement (GP) chapter in the recently concluded India-UK Free Trade Agreement (FTA) with extreme caution, according to a report by the Global Trade Research Initiative (GTRI).
Indian stock markets opened higher on Thursday, reflecting strong investor confidence in the country's economic outlook despite recent tensions with Pakistan. The positive start comes also amid optimism surrounding the India-UK trade deal and a stable global interest rate environment.
India and the United Kingdom FTA is seen as a part of a new global trade strategy that aims to reduce dependence on China, manage trade challenges from US tariffs, and help the UK reshape its economy after Brexit, according to a report by SBI Research.
In a strong show of support to India, UK's former Prime Minister Rishi Sunak firmly backed New Delhi's action against cross-border terrorism following Operation Sindoor and said that "India is justified in striking terrorist infrastructure."
The Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA), calling it a major step towards expanding India's presence in the lucrative UK market.
The India-UK Free Trade Agreement (FTA0, signed on Tuesday May 6th 2025, after nearly three years of negotiations, is one of the most comprehensive free trade agreement ever entered into by India.