| Key Aspect | Details |
|---|---|
| Event | India-UK Free Trade Agreement (FTA) signed on 24 July 2025. |
| Negotiations | Began in January 2022, concluded after over three years of talks. |
| Signing | Signed during PM Narendra Modi's visit to the UK in July 2025. |
| Scope | Comprehensive trade pact, termed as India's most extensive FTA. |
| Tariff Reductions | Eliminates tariffs on 99% of Indian exports to the UK. |
| Forecasted GDP Boost | Expected to increase UK's GDP by £4.8 billion ($6.5 billion) annually. |
| Export Goals | Aims to double Indian exports to the UK by 2030. |
| Key Products & Benefits | Scotch whisky, British luxury cars, chocolates, cosmetics, medical devices to become cheaper for Indian consumers. |
| Tariff Cuts | Scotch whisky tariffs reduced from 150% to 75%, then to 40% over 10 years. Luxury car import duties cut from 100% to 10%. |
| Benefiting Indian Sectors | Textiles, leather, gems & jewellery, agro, pharma, electric & hybrid vehicles. |
| Professionals | Streamlined visas for Indian professionals, including chefs, yoga instructors, musicians, etc. |
| Social Security Exemption | Indian workers in the UK exempt from social security for up to 3 years, saving ₹4,000 crore annually. |
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