The proposed India-UK Free Trade Agreement (FTA) is expected to increase annual bilateral trade by $34 billion. Average tariff on UK imports to India will fall from 15% to 3%.

2 / 7

99% of Indian exports to the UK will enjoy zero-duty access. The deal includes tariff cuts, mobility enhancements, and market access guarantees.

3 / 7

Autos: India has offered tariff concessions on large internal combustion engine (ICE) vehicles and high-end EVs. EVs priced above £80,000 to gain market access. Import duty on luxury vehicles to fall from 150% to 75% immediately, and further to 40% over 10 years. No concessions yet for affordable EVs, hybrids or hydrogen vehicles in the first five years.

4 / 7

Pharmaceuticals: India exports $23.3 billion in pharma globally, but less than $1 billion goes to the UK. UK’s $30 billion pharma import market opens up with zero-duty access.

5 / 7

Food processing and agri exports: FTA covers 985 tariff lines. India’s current exports to UK: $309.5 million. Instant coffee, tea, spices likely to see increased demand.

6 / 7

Electronics: Smartphones, inverters and optical fibre cables will benefit from zero-duty treatment.

7 / 7