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UK and India have struck commerce deal, Modi says

by Index Investing News
May 6, 2025
in Economy
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The UK and India have agreed a “landmark” free commerce settlement, after three years of talks, India’s prime minister introduced on Tuesday.

The negotiations accelerated within the wake of Donald Trump’s imposition of US world tariffs final month, with London and New Delhi eager to seal nearer commerce ties.

“In a historic milestone, India and the UK have efficiently concluded an formidable and mutually helpful Free Commerce Settlement,” Prime Minister Narendra Modi posted on X after a dialog along with his UK counterpart Sir Keir Starmer.

Modi added that the deal “would assist catalyse commerce, funding, development, job creation, and innovation in each our economies” and that Starmer would go to India quickly.

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