India-UK FTA kicks in: What changes for consumers, industry
The India-UK Free Trade Agreement (FTA) came into effect on Wednesday, marking India's first comprehensive trade deal with a developed country after four years of negotiations. The agreement is expected to enhance India's exports of labour-intensive goods and allow Indian consumers to purchase British products like cars and scotch at reduced prices. India has lowered tariffs on approximately 90% of products, while the UK has eliminated tariffs on 99% of Indian exports.