India UK FTA starts July 15 2026 $120B target
Business
Big news for trade: The India-UK Free Trade Agreement, signed last year, officially starts on July 15, 2026. The goal? To double trade between the two countries to $120 billion by 2030.
One of the biggest perks: tariffs on UK goods coming into India will drop from 15% to just 3%, making things more affordable and opening up new options for shoppers and businesses.
India wins 99% duty free access
Indian exporters are getting duty-free access for 99% of their products headed to the UK a huge win that should boost jobs and opportunities back home.
There were some tough negotiations, especially around steel quotas (the UK wanted to cut them by 60%), but both sides worked it out through high-level talks.
All in all, it's a solid step forward for both economies.