India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Narendra Modi's visit to London, hailed as a historic step for both nations. The deal will significantly reduce tariffs on a wide range of goods, including textiles, whisky, cars, seafood, and spices, and is expected to boost bilateral trade by over $34 billion annually. The agreement also includes provisions for increased investment, new visa routes, and enhanced cooperation in sectors like technology and manufacturing. While the FTA is projected to create thousands of jobs and attract billions in investment, some Indian industries have raised concerns about potential disadvantages, particularly in the alcohol sector. Overall, the deal marks a major shift in India's trade policy, signaling openness to global markets while protecting key domestic sectors.
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