Politics7/23/2025Bloomberg

UK Touts India Trade Deal Worth £4.8 Billion as Modi Jets In

The UK and India are set to sign a free trade agreement on Thursday, a deal the British government claims will boost the UK economy by £4.8 billion ($6.5 billion). The agreement is seen as a significant step in strengthening economic ties between the two countries. The deal is expected to lower tariffs and increase market access for both nations, potentially benefiting sectors such as services, manufacturing, and agriculture. This trade pact is part of the UK's broader efforts to expand its trade relationships beyond Europe, particularly with fast-growing economies like India. The signing of the agreement coincides with Indian Prime Minister Narendra Modi's visit to the UK, underscoring the importance of this bilateral economic partnership. While the exact details of the deal are yet to be released, the UK government has touted it as a significant achievement that will contribute to the country's economic growth.

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