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India

Business

India and the UK have just sealed a trade deal letting 25% of UK exports enter India duty-free right away.
The agreement keeps Indian favorites like dairy, cereals, gold, jewelry, and lab-grown diamonds off the table for extra protection.
Commerce Secretary Sunil Barthwal explained that special rules are in place to make sure only genuine UK goods benefit.

Other details

The deal also brings gradual tariff cuts on major products—think Scotch whisky duties dropping to 40% over 10 years and limited reductions for other spirits.
There's an annual quota for 37,000 cars from the UK at lower tariffs (but electric vehicles are excluded for now).
Plus, India is gearing up its exporters to tap new opportunities as the UK aims to ratify the agreement within a year.