Archive · 24 Jul 2025
India and UK Sign Free Trade Agreement to Boost Trade
Imagine two countries, India and the UK, decided to make it easier and cheaper to trade with each other.
They signed a deal called a Free Trade Agreement, like a special agreement to lower taxes on things they buy and sell.
This means India can sell mangoes, clothes, and other things to the UK without paying much tax.
The UK can sell whisky and cars to India with lower taxes too.
This should make trade worth $120 billion by 2030 and create more jobs and opportunities for both countries, including professionals such as yoga teachers and chefs.
India and the UK signed a Free Trade Agreement (FTA) to boost trade and economic ties.
The goal is to double trade to $120 billion by 2030, from $21.34 billion in 2023-24.
99% of Indian exports to the UK will be duty-free, including textiles, leather, and jewelry.
UK goods like whisky, cars, cosmetics, and machinery will have reduced taxes in India.
The agreement provides opportunities for Indian professionals to work in the UK, including their families.
- Who
- India and the United Kingdom signed the agreement.
- What
- India and the UK signed a Free Trade Agreement.
- When
- The agreement was signed during PM Narendra Modi's visit to the UK.
- Where
- The agreement is between India and the United Kingdom.
- Why
- To increase trade, create jobs, and provide better and cheaper products.
Benefits for India
Benefits for UK
Economic impact balance
Benefits for India
Increased exports, more jobs for Indian professionals.
Benefits for UK
Reduced taxes on imports may benefit UK businesses more.
- Agreement Type
- Free Trade Agreement (FTA)
- Signatories
- India and the UK
- Target Trade Value by 2030
- $120 billion
- Current Trade Value (2023-24)
- $21.34 billion
- Indian Exports to UK (Duty-Free)
- 99%
- Whisky Tax Reduction (UK to India)
- From 150% to 75%, then to 40%