Industry trade bodies and industry leaders have welcomed the signing of the India-UK Free Trade Agreement (FTA), terming the move a "transformational milestone in bilateral economic relations" of the two countries.
Farmers in India are among the major winners as they are set to get preferential access to UK's agricultural market -- pegged to be around USD 37.5 billion -- with the signing of the landmark India-UK Free Trade Agreement.
United Kingdom Prime Minister Keir Starmer on Thursday said that the India-UK FTA deal will bring significant benefits to both countries, benefiting jobs, business, and making trade "cheaper, quicker and easier".
During a joint press statement with UK Prime Minister Keir Starmer, PM Modi highlighted the enhanced market access and economic opportunities for both nations while expressing gratitude for the warm hospitality he received during his official visit to the country.
The much-awaited landmark India-UK Free Trade Agreement has been signed on Thursday, in presence of Prime Ministers Keir Starmer and Narendra Modi, giving greater access to good and services between the two countries.
India's average tariff on UK products will drop from 15 per cent to 3 per cent under the to-be-signed India-UK FTA, a British government statement said just ahead of the scheduled signing ceremony in presence of Prime Minister Keir Starmer and Indian counterpart Narendra Modi.
"Our economy is reeling at a sub-par growth rate, inequality has widened, wage growth has miserably stagnated, household savings are getting depleted, youth does not have jobs, middle class and poor are being robbed to help cronies, and we are facing a trade war, which would hurt both our ag
Congress leader Jairam Ramesh on Thursday criticised the Modi government ahead of the signing of the India-UK Free Trade Agreement (FTA), emphasising that what India truly needs from the UK is a more effective Fugitive Transfer Agreement.
On Wednesday, JD(U) MP replied to Union Railways Minister Ashwini Vaishnaw in the Lok Sabha and said, "Bihar has played a very important role in bringing the NDA government. In 11 years, will the railway minister please tell whether he has started any train from Patna to Delhi, Patna to Bang
Prime Minister Narendra Modi will embark on a two-day visit to Tamil Nadu on July 27 and July 28. On the first day of the visit, the Prime Minister will attend the 1000th anniversary of the Gangetic conquest of King Rajendra Chola 1 at Gangaikonda Cholapuram, Ariyalur district.