Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer signed a historic India–UK Free Trade Agreement aimed at significantly reducing tariffs on goods like Scotch whisky, Indian spices, textiles, and automobiles. The deal is projected to nearly double bilateral trade to ~$35 billion annually by 2040 and includes £6 billion in investment commitments across sectors like AI, aerospace, and dairy AP News.
Significance: This marks India’s first comprehensive FTA with a European nation and deepens strategic economic relations post-Brexit