India-UK FTA: Rs 4,060 crore hit in first year; customs revenue...

India-UK FTA: Rs 4,060 crore hit in first year; customs revenue loss to widen by 10th year

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India's new free trade agreement with the UK could lead to a revenue loss of Rs 4,060 crore in the first year, as tariffs are lowered or eliminated on many British goods. This loss could rise to Rs 6,345 crore by the tenth year.

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