As part of the trade deal, the UK will eliminate tariffs on 99% of Indian exports, encompassing textiles, footwear, and food items like frozen prawns, potentially leading to reduced prices for UK consumers. The reduction of non-tariff barriers is expected to ensure free flow of goods and services.
The UK remains a significant investor in India, with a cumulative Foreign Direct Investment (FDI) stock of approximately US$34.79 billion in FY2024, positioning the UK as the sixth-largest investor in India.
Predominantly target sectors such as financial services, technology, manufacturing, and infrastructure. These sectors align with India’s economic priorities and offer substantial growth opportunities
Major UK investments are concentrated in Indian metropolitan areas like Mumbai, Bengaluru, and Delhi NCR, which serve as hubs for finance, technology, and commerce. Given the current trajectory and policy support, UK FDI into India is expected to continue growing, further strengthening economic ties between the two nations, said PHDCCI.
