India-UK FTA boost: Trade volume expected to double in 5-6 years,...

added a post in Business

2025-05-18 09:50:13 -

India-UK FTA boost: Trade volume expected to double in 5-6 years, says ICRA

India's apparel and home textile trade with the UK is poised for substantial growth, potentially doubling in the next five to six years, fueled by the recently finalized Free Trade Agreement. The FTA, expected to take effect in 2026, will eliminate tariffs on most Indian textile exports, leveling the playing field with competitors and driving investment in production capacity.

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