India-UK FTA Will See Big Leap In Exports: FM

India will benefit from one of the most ambitious FTA commitment from the UK in Services such as IT/ITeS, financial services, professional services, other business services and educational services, opening up new opportunities and jobs -- Nirmala Sitharaman, FM

New Delhi: The India-UK free trade agreement (FTA) ushers a new era in trade between the two countries, Finance Minister Nirmala Sitharaman has said. Prime Minister Narendra Modi and his UK counterpart Sir Keir Starmer on Tuesday announced the successful conclusion of a mutually beneficial India – UK FTA and 99 per cent Indian exports are set to benefit from zero duty.

In a post on X social media platform, FM Sitharaman said that under PM Modi’s leadership, India will be an engine of growth.

“This agreement will mean greater market access to Indian exporters. Industries and innovation can flourish,” the Finance Minister added.