The India–UK FTA eliminates tariffs on a wide range of Indian goods. Key sectors poised to benefit include textiles and apparel, as the removal of tariffs will enhance India’s competitiveness against countries like Bangladesh and Vietnam. In the case of leather and footwear, this will provide increased access to high-end UK retail markets. Gems and Jewellery will get a boost because of increased export opportunities for India’s handcrafted and diamond processing units. While streamlining of regulatory processes under FTA will accelerate generic drug approvals, reduction in tariffs on agriculture and processed foods will provide better access for value-added Indian products, including tea, spices, rice, and ready-to-eat segments.
