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Key Points

The UK and India have signed a landmark trade agreement that promises significant economic benefits for both nations. Prime Ministers Keir Starmer and Narendra Modi celebrated the deal as a historic milestone in bilateral relations. The comprehensive agreement is expected to create new business opportunities and strengthen strategic partnerships. This trade pact represents a major step in expanding economic cooperation between two of the world's most dynamic markets.

Key Points: Starmer Modi Trade Deal Boosts UK-India Economic Partnership

  • Historic free trade pact signed between UK and India
  • Agreement promises economic opportunities for both nations
  • Aims to strengthen strategic partnership
  • Potential boost for small and medium enterprises
3 min read

Trade deal with India will raise living standards, deepen ties: UK PM Keir Starmer

Historic UK-India trade agreement promises economic growth, job creation, and deeper bilateral ties between two dynamic global markets

"This is the biggest deal the UK has done since leaving the EU - Keir Starmer"

New Delhi, May 6

The UK Prime Minister Keir Starmer on Tuesday said that the trade deal with India will raise living standards and further deepen ties between India and the UK.

"The trade deal with India will raise living standards, put more money in the pockets of British working people, and deepen the unique ties between our two nations," Starmer wrote on his X handle.

Prime Minister Keir Starmer also posted a short video on his X handle of his conversation with Prime Minister Narendra Modi.

"Congratulations, Prime Minister, we have achieved something truly historic today. This is the biggest deal the UK, since we left the EU. I think I am right in saying it's the most ambitious that India has ever done," the UK PM can be heard telling PM Modi during the telephonic conversation between the two leaders.

Prime Minister Narendra Modi responded, saying that the credit for the free trade deal goes to his (Starmer's) leadership.

"The credit goes to your vision and to your decisive leadership. This deal will further strengthen the UK-India strategic partnership," PM Modi responded to the UK Prime Minister.

Earlier, PM Modi, while addressing a gathering at the India @2047 event, confirmed that India and the UK have officially signed the trade pact.

"Today, marks a historic milestone for India. Just moments ago, I spoke with the Prime Minister of the UK, and I am pleased to announce that the India-UK pre-trade agreement has been finalised," PM Modi said.

This landmark trade accord, the Prime Minister said, would usher in a new era of economic growth for both nations, providing a significant boost to India's economy and creating fresh opportunities for Micro, Small, and Medium Enterprises (MSMEs).

Additionally, India has successfully established trade agreements with several other countries, further solidifying its position as a dynamic and thriving global trade and commerce hub.

"Making bold decisions and setting ambitious goals is essential. Our nation's progress must always be the top priority, ensuring that each step we take brings greater prosperity and lasting benefits for our people," PM Modi said.

Both leaders hailed the agreement as a historic milestone in the evolving bilateral Comprehensive Strategic Partnership, emphasising its potential to foster trade, investment, innovation, and job creation across both economies.

They agreed that this landmark arrangement between two of the world's largest and most dynamic markets would unlock fresh opportunities for businesses, strengthen economic ties, and enrich people-to-people connections.

Prime Minister Starmer, quoted in an official statement, reaffirmed that enhancing alliances and dismantling trade barriers with global economies aligns with the UK's 'Plan for Change', aimed at delivering a stronger and more resilient economic future.

The leaders underscored the vital role of expanding trade and commercial relations in deepening the already robust and multifaceted India-UK partnership. They expressed optimism that the newly forged Free Trade Agreement - balanced, equitable, and forward-looking - would significantly boost bilateral trade, open new avenues for employment, raise living standards, and contribute to the overall well-being of citizens in both nations, the statement said.

- IANS

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Reader Comments

R
Rahul K.
This is fantastic news! Our MSME sector will get a huge boost with better access to UK markets. Hope the government ensures small businesses get proper guidance to benefit from this deal. 🇮🇳🤝🇬🇧
P
Priya M.
While the deal sounds promising, I hope it doesn't lead to flooding of Indian markets with cheap British goods that could hurt local manufacturers. The fine print matters more than the headlines.
A
Arjun S.
Great move! But hope our negotiators got a good deal for Indian professionals wanting to work in UK. Easier visas would be the real game-changer, not just trade in goods.
S
Sunita P.
As a textile exporter, this deal could be life-changing for my business. But will the government provide support to meet UK quality standards? That's where many small businesses struggle.
V
Vikram J.
Historic indeed! This shows how much global perception of India has changed. From being aid recipients to equal trade partners with UK - what a journey! Make in India getting global recognition.
N
Neha R.
Hope this means better prices for our farmers exporting to UK. But also worried about cheaper dairy imports affecting our dairy sector. The government must protect our agriculture interests.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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