The prime ministers of Britain and India sealed a hard-wrought trade agreement on Thursday that will slash tariffs on products including Scotch whisky and English gin shipped to India and Indian food and spices sent to the U.

Britain’s proposed Carbon Border Adjustment Mechanism (CBAM) is not included in the FTA with India because London has not yet formally notified the tax.

The free trade agreement is expected to reduce regulatory burdens on UK exports to India and boost trade in the pharmaceutical and medical device industries.

The agreement, remarkable in its scope, encompasses 27 chapters covering trade in goods and services, digital trade, telecommunications, financial and professional services, labour mobility, environmental issues,

News18, Doraiswami said initially Starmer was to visit India in the third week of July, however, the plan changed after the 51st G7 Summit at Kananaskis, Canada

Currently, India’s import tariffs on passenger vehicles range from 70-110 per cent while those on trucks stand at 40 per cent. Industry executives said that import quotas have been implemented to avoid sudden surges in imports and safeguard the Indian auto industry.

The new free trade agreement will bring opportunity for British and Indian economies. Working towards genuine strategic partnership should be the next step, regardless of lingering issues.

The India-UK FTA marks a significant milestone in India's engagement with major developed economies. “UK rolls out the red carpet for 'Made In India',” Union minister Piyush Goyal posted on X.