New Delhi: India’s export sector is set for a major boost following the recent Comprehensive Economic and Trade Agreement (CETA) signed between India and the United Kingdom. The deal, finalized on 24 July and likely to come into effect next year, promises duty-free market access for 99% of Indian exports in key sectors such as textiles, automotive components, footwear, and pharmaceuticals.
Trade experts say the agreement will not only enhance India’s global competitiveness but also position the UK as a major investment partner. Gulzar Didwania, Partner at Daylight India, stated that CETA will significantly increase exports and make India an attractive destination for British investors.
New Opportunities in the Service Sector
One of the biggest highlights of the agreement is the expansion of service sector opportunities. Indian IT, finance, healthcare, and professional service providers will gain easier access to the UK market. The deal will also simplify the movement of skilled professionals, promote mutual recognition of qualifications, and encourage cooperation in education, innovation, and research.
Trade to Reach $120 Billion by 2030
According to FIEO President S.C. Ralhan, the India–UK FTA could push bilateral trade to $120 billion by 2030. He added that the deal offers unprecedented opportunities for MSMEs and labour-intensive industries, creating jobs and strengthening manufacturing.
Simplified Regulations, Stronger Growth
Beyond tariff reductions, the agreement aims to ease regulatory barriers on services and investments, making cross-border business faster and more efficient. Analysts believe this will boost India’s manufacturing and service exports while attracting greater UK investment into sectors such as technology, infrastructure, and renewable energy.
With both nations aiming to deepen economic ties, the India–UK trade agreement is being hailed as a game-changer for growth, employment, and global partnerships.
