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India-UK FTA: A Projected Loss of Rs 4,060 Crore for India in the First Year, according to GTRI
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Mon, 28 Jul 2025Mon, 28 Jul 2025BUSINESS

India-UK FTA: A Projected Loss of Rs 4,060 Crore for India in the First Year, according to GTRI

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India’s recently signed Free Trade Agreement (FTA) with the United Kingdom is expected to result in a Rs 4,060 crore loss to customs revenue in its inaugural year, as per estimates from the Global Trade Research Initiative (GTRI). The fiscal repercussions are projected to increase each year, reaching Rs 6,345 crore, approximately £574 million, by...

‘Protects Core Interests Of India, UK’: Piyush Goyal Hails FTA, Credits PM Modi
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Fri, 25 Jul 2025Fri, 25 Jul 2025BUSINESS, INDIA

‘Protects Core Interests Of India, UK’: Piyush Goyal Hails FTA, Credits PM Modi

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India and the UK have finalized a Comprehensive Economic and Trade Agreement (CETA) aimed at increasing imports and exports to over $100 billion by 2030, up from the current $56 billion. This marks the first of several significant agreements that the Narendra Modi administration hopes to establish amid the global turmoil caused by US President...