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India-UK FTA May Double Trade to $115 Billion by 2030
Assocham says India-UK FTA could boost trade to $115 billion and create up to one million jobs by 2030.
New Delhi, July 25 (IANS) The India-UK free trade agreement (FTA) can help bilateral trade trajectory expand from $58 billion in 2025-26 to $115 billion by 2030, along with the possible creation of 7-10 lakh new employment opportunities, according to a new Assocham study.
The India-UK FTA, which is now in force since July 15, 2026, is expected to expand business horizons via increased market access and create new employment opportunities for the young population, said the study by Assocham Global Research and Strategy Centre.
With new opportunities and deeper market access in labour-intensive industries like textiles, leather, engineering goods, pharmaceuticals, automotive, among others, employment generation and export promotion stand to gain, said the study.
