Speaking in New Delhi, Goyal stressed that the deal would unlock “immense opportunities” for India’s farmers, fishermen, young professionals, MSMEs, and the business community.

Indian exports are set to benefit from duty elimination on about 99 percent of the tariff lines, covering almost 100 percent of the trade value, especially aiding labour-intensive shipments of textiles,

UK free trade agreement has been signed and will to reduce the price of cars imported from the UK to India as the tariffs have reduced. Tap to know what the FTA means for the Indian car buyer.

The market access under the pact is limited to a few central government entities with higher thresholds around Rs 250 crore across goods, services and construction services.

NSE CEO Ashish Chauhan breaks down the implications of the India–UK FTA on the alcohol industry, especially the Scotch whisky segment. With India being the world's largest importer of Scotch, he highlights how phased tariff cuts from 150% to 40% could open up new opportunities — including Indian-owned whisky brands entering the market via the UK.

India's equity benchmarks are expected to open little changed on Friday as investors weigh the newly signed trade pact with Britain, which will cut tariffs of goods ranging from textiles to whisky and cars.

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 FTA will benefit sectors such as textiles, auto components, and marine products, with states like Maharashtra, Gujarat, and Tamil Nadu poised for significant export growth and improved market access.