After three years of talks, India and the UK finally signed a trade deal, showing that globalisation continues despite global uncertainty and shifting politics.
The agreement reflects strong political will and compromise, as both PM Modi and the UK’s Keir Starmer likely had to personally push it through, even as unresolved issues lingered days before the deal.
India dropped some long-standing demands, especially on visas for workers and students, due to the UK’s tightened immigration stance after rising support for anti-migrant parties.
Both nations leaned into the services trade over manufacturing, which neither country dominates globally. The deal may open up competition in sectors like legal services, especially in India.
UK officials estimate the deal could boost GDP by £4.8 billion and raise wages, with benefits like cheaper shrimp for Britons and reduced prices on Scotch whisky and Jaguars in India.
This deal stands out for including food trade and consumer benefits, a rarity in recent times. It may also be a stepping stone toward bigger pacts, like the long-delayed India-EU agreement or a future India-US trade deal under Trump.
Curious About A Stock? Ask the Analyst.
Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!
