India-UK Trade Deal Kicks In July 15: Cheaper Cars, Whisky And Export Boost

The India-UK Free Trade Agreement is set to come into effect on July 15 after both countries resolved last-minute concerns over UK steel trade measures. The landmark deal will eliminate tariffs on 99% of Indian exports and is expected to boost bilateral trade by £4.8 billion. The agreement is expected to benefit key sectors including textiles, gems and jewellery, pharmaceuticals, automobiles and auto components. Indian consumers could also gain access to cheaper UK-made cars and whisky, while professionals such as chefs and yoga instructors may benefit from easier mobility and visa provisions. At the G7 Summit, Prime Minister Narendra Modi and UK Prime Minister Keir Starmer celebrated the finalisation of the agreement, with Modi declaring, "We did it." Here's a look at the key highlights, winners and the broader economic impact of the India-UK trade pact.