India and the United Kingdom have signed a landmark free trade agreement during Prime Minister Narendra Modi's visit to the UK, marking a major shift in economic relations between the two countries. The deal will significantly reduce tariffs on a wide range of goods, including textiles, whisky, cars, and chocolates, and is expected to increase bilateral trade by over $34 billion annually. Key sectors such as textiles, leather, pharmaceuticals, and premium spirits are set to benefit, with Indian exports gaining greater access to the UK market and vice versa. The agreement is also projected to create thousands of jobs, attract billions in investment, and provide new visa routes for skilled Indian workers. While the deal is hailed as a post-Brexit win for Britain and a sign of India's openness, some concerns remain over public health and the exclusion of certain sectors like electric vehicles.
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