Four things you need to know about UK-India trade deal

The UK and India have announced a new trade deal, which is expected to increase bilateral trade by over £28 billion by 2030. The key highlights of the agreement are: 1. Tariff Reductions: The deal will eliminate tariffs on 99% of goods traded between the two countries, making products more affordable for consumers. 2. Boosting Exports: The agreement aims to increase UK exports in key sectors like cars, Scotch whisky, and professional services, while India will benefit from greater access to the UK market for goods like textiles and agricultural products. 3. Investment Opportunities: The deal is expected to unlock new investment opportunities, particularly in the technology and green energy sectors. 4. Improved Mobility: The agreement includes provisions for greater mobility between the UK and India, facilitating the movement of students, professionals, and business travelers. Overall, the UK-India trade deal is seen as a significant step towards strengthening economic ties between the two countries, with the potential to create jobs and drive economic growth on both sides.