India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Modi's visit to the UK, marking a major step forward in bilateral relations. The deal is expected to boost annual trade by over $34 billion, cut tariffs on goods such as textiles, whisky, cars, and spices, and create thousands of jobs in both countries. Key sectors like textiles, leather, pharmaceuticals, and agriculture are set to benefit, while Indian consumers will see lower prices on UK products like whisky and chocolates. The agreement also includes new visa routes and investment incentives, though some industries, such as UK carmakers and Indian drinks producers, have expressed concerns. This FTA is seen as a post-Brexit win for the UK and signals India's openness to further global trade partnerships.
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