India and the United Kingdom have signed a landmark Free Trade Agreement (FTA) during Prime Minister Narendra Modi's visit to London, marking the most ambitious trade pact for India in over a decade. 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 hailed as a 'win-win' for both nations, some Indian liquor companies and UK carmakers have expressed concerns about specific terms. The deal signals India's gradual shift towards greater market openness and is expected to influence future trade negotiations with the EU and US.
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