By Admin 
India uk fta: The free trade agreement was approved after a three -year long conversation and tireless hard work between India and Britain on Thursday. On the one hand, while PM Modi said that India will get a big market, on the other hand, the British media also praised the India-UK FTA. Along with this, it said that this will increase the pace of GDP and will get a big market in the world as fast as India.
Describing it as a historic agreement, the British government said that it would ensure thousands of jobs and exports. Almost all the UK media has termed the free trade agreement as a successful step after Brexit. Let us know what the British media said on this deal-
Praise in British media
On the Indo-UK FTA, The Times said that this agreement is worth hard work. This is because it gives Britain a huge market, which can be the second largest market after China by 2050. During the British Raj, he reminded of Gandhiji’s boycott of foreign textiles and the historic event of buying Khadi, and said that India became the fifth largest economy in the world, leaving behind Britain behind in 2022.
Brexit is succeeding
The Daily Express of Britain has read the Kasi of India and UK Free Trade Agreement and wrote that this agreement between the two countries will give people in favor of living in the European Union in their cornflakes. Because it has been possible only after leaving the EU, which shows that Brexit has been successful in really.
How to benefit GDP-
In fact, after this agreement, now the customs rates on Indian products in Britain will now be reduced from 15 percent to 3 percent. With this, bilateral trade between India and Britain aims to reach about $ 120 billion by 2030. However, it will take a year to implement.
But The Financial Times say that the British Automobile Sector is disappointed with FTA. Due to this, Indian import duty on petrol and diesel cars will be reduced by only 10 percent by 2031. Apart from this, strict boundaries (quota) will also be applicable on the sale of British cars in India, which will decrease gradually by 2046.
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