What are the gains from the India-U.K. trade deal? | Explained
The India-U.K. trade deal, effective July 15, eliminates tariffs on 96.8% of U.K. tariff lines, covering 97.7% of trade value, significantly benefiting both nations. This agreement will lower costs for British goods, such as whisky and cars, while enhancing opportunities for Indian workers in the U.K. The deal is expected to reshape business dynamics between India and the U.K., fostering deeper economic ties.