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After FTA, India will get more infection from UK: More benefit, British will buy a lot of these Made in India products
New Delhi: India is expected to get a big benefit from the recent Free Trade Agreement (FTA) between India and the United Kingdom (UK). Experts believe that this agreement will give more opportunities to Indian exporters in the UK markets. Especially the demand for 'Made in India' products can increase rapidly in Britain.
Why is it beneficial for India?
Reduction in trade duties and simplified rules under the FTA will make Indian products, such as textiles, jewelry, leather, pharmaceuticals, and automobile parts, more competitive in the UK. Apart from this, India's information technology (IT) services and agricultural products can also strengthen their penetration in the British market.
What will the UK get?
Although the UK will also get a chance to increase the sale of its whiskey, automobiles, and machinery in the Indian markets, analysts say that India's export market will grow faster than the UK. The cost-effectiveness and quality of Indian products is the main reason for this.
New opportunities for both countries
This agreement will boost trade between the two countries, but India's huge population and growing economy make it an attractive market for the UK. Also, UK consumers are increasingly attracted to 'Made in India' products, which is likely to benefit India in the long term.
New Delhi: India is expected to get a big benefit from the recent Free Trade Agreement (FTA) between India and the United Kingdom (UK). Experts believe that this agreement will give more opportunities to Indian exporters in the UK markets. Especially the demand for 'Made in India' products can increase rapidly in Britain.
Why is it beneficial for India?
Reduction in trade duties and simplified rules under the FTA will make Indian products, such as textiles, jewelry, leather, pharmaceuticals, and automobile parts, more competitive in the UK. Apart from this, India's information technology (IT) services and agricultural products can also strengthen their penetration in the British market.
What will the UK get?
Although the UK will also get a chance to increase the sale of its whiskey, automobiles, and machinery in the Indian markets, analysts say that India's export market will grow faster than the UK. The cost-effectiveness and quality of Indian products is the main reason for this.
New opportunities for both countries
This agreement will boost trade between the two countries, but India's huge population and growing economy make it an attractive market for the UK. Also, UK consumers are increasingly attracted to 'Made in India' products, which is likely to benefit India in the long term.
Why is it beneficial for India?
Reduction in trade duties and simplified rules under the FTA will make Indian products, such as textiles, jewelry, leather, pharmaceuticals, and automobile parts, more competitive in the UK. Apart from this, India's information technology (IT) services and agricultural products can also strengthen their penetration in the British market.
What will the UK get?
Although the UK will also get a chance to increase the sale of its whiskey, automobiles, and machinery in the Indian markets, analysts say that India's export market will grow faster than the UK. The cost-effectiveness and quality of Indian products is the main reason for this.
New opportunities for both countries
This agreement will boost trade between the two countries, but India's huge population and growing economy make it an attractive market for the UK. Also, UK consumers are increasingly attracted to 'Made in India' products, which is likely to benefit India in the long term.
