The UK, facing slower post-Brexit trade momentum, has touted the deal as its biggest trade success since leaving the EU. “This is the biggest and most economically significant trade deal the UK has made since Brexit,” British PM Keir Starmer said. “Our landmark trade deal with India is a major win for Britain. It will create thousands of British jobs across the UK, unlock new opportunities for businesses and drive growth in every corner of the country, delivering on our Plan for Change,” he said.Scotch whisky tariffs will be halved from 150% to 75%, and will fall further to 40% over 10 years. Auto tariffs will be phased down to 10%, while Indian EVs will gain access to the UK under a quota system. The deal enhances cooperation in services, clean energy, and finance. UK firms will gain locked-in access to insurance and financial sectors, while British clean energy companies will enter India’s public procurement market.While the economic gain for the UK of an estimated 6.51 billion USD boost by 2040 is modest relative to losses from exiting the EU, the deal signals Britain’s pivot toward the Indo-Pacific. The pact indicates India’s growing leverage in shaping fairer, balanced trade terms with developed economies.BIG TAKEAWAYSIndian farmers to get preferential access to UK’s $37.5 billion agriculture marketSensitive Indian sectors like dairy, vegetables, apples, cooking oils, oats fully protected under the dealBig catch for Indian fishermen as the $5.4 billion British market opens for marine exports with zero duty as against up to 20% nowBig boost for UK job creation as labour-intensive sectors get competitive edgeZero duty on major sectors Massive gain for rural India and exporters with zero duty on processed foods as against up to 70% earlier75,000 Indian workers in UK will benefit from Double Contribution Convention, as it exempts workers from social security contribution for three yearsProfessionals to get better mobility access to the UK. Up to 1,800 Indian chefs, yoga instructors and classical musicians can move temporarily to Britain to provide services
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