INDIA LEAVES CHINA BEHIND WITH UK FTA | This is why 100 Billion Dollars Trade is loading FAST!

Career247
25 Jul 202514:27

Summary

TLDRIn 2025, India and the UK signed a historic Free Trade Agreement (FTA), which promises zero duty on 99% of Indian exports to the UK. This deal is poised to elevate India as a major trade partner, surpassing China in trade with the UK by 2030. Key sectors like textiles, agriculture, and engineering goods will benefit, and the agreement is expected to create jobs, boost manufacturing, and increase exports. Alongside trade, cooperation in defense, energy, and technology is set to grow under the Vision 2035 initiative. The video also highlights the growing demand for data scientists, underscoring the importance of skills in emerging industries.

Takeaways

  • 😀 India and the UK have signed a free trade agreement (FTA) after 15 rounds of talks, marking a significant milestone in bilateral trade relations.
  • 😀 India will benefit from zero tariffs on 99% of its exports to the UK, providing a huge advantage over China, Bangladesh, and Vietnam.
  • 😀 By 2030, India-UK trade is expected to surpass $120 billion, with India potentially replacing China as the UK's fifth-largest trading partner.
  • 😀 The agreement will boost India's job market and manufacturing, as Indian businesses gain greater access to the UK market.
  • 😀 The UK will likely reduce its negative stance towards India and could take stronger actions against anti-India Khalistani activities in the UK.
  • 😀 The Comprehensive Economic and Trade Agreement (CETA) not only covers trade but also highlights the importance of India's interests in future dealings.
  • 😀 With 99% of Indian exports getting duty-free access to the UK market, Indian exporters of goods like textiles, leather, and agricultural products stand to gain significantly.
  • 😀 Shashi Tharoor's article 'Beyond Hesitations' aptly captures the transformation in India-UK trade relations, overcoming past hesitations and focusing on future opportunities.
  • 😀 The agreement also opens doors for India's agricultural products, such as rice and silk, to access premium UK markets.
  • 😀 The India-UK Vision 2035 document signals deeper cooperation in areas like defense, clean energy, education, and technology, enhancing bilateral ties beyond trade.
  • 😀 Data science and AI fields are expected to see rapid growth, and Career 247’s data science course prepares individuals for high-demand careers in these sectors.

Q & A

  • What is the significance of the India-UK free trade agreement (FTA) signed in 2025?

    -The India-UK free trade agreement (FTA) signed in 2025 marks a significant milestone in bilateral relations, allowing India to access the UK market with zero tariffs on 99% of goods. This trade deal is expected to boost India's trade volume with the UK, surpassing China as the UK's fifth-largest trading partner by 2030.

  • How does the India-UK FTA affect Indian exporters?

    -Indian exporters will benefit greatly from the FTA, as they will gain duty-free access to the UK market for a wide range of products, including textiles, leather goods, marine products, and agricultural produce. This will provide them with a competitive edge over countries like China, Bangladesh, and Vietnam.

  • What are the expected outcomes of the India-UK FTA for the Indian economy?

    -The India-UK FTA is expected to boost India's economy by increasing exports, creating jobs, and enhancing manufacturing capabilities. By 2030, India’s trade with the UK could exceed $120 billion, contributing to an increase in India's foreign exchange reserves and national income.

  • Why is the India-UK FTA important for the UK's position in the global market?

    -The India-UK FTA helps the UK regain some economic strength, particularly by boosting exports from India. With 99% of Indian goods receiving zero tariffs, the UK will benefit from increased imports of high-quality products, benefiting its economy and creating new trade opportunities.

  • How does the FTA with the UK compare to other trade agreements India has signed?

    -India has already signed FTAs with Australia and is working towards one with the USA. While the FTA with the UK is crucial for trade within the Anglosphere, the trade between India and the US is much larger, especially when services are included. The UK is just one step in India’s broader strategy of forming FTAs with major global economies.

  • What role does 'Made in India' play in this trade agreement?

    -The 'Made in India' brand is becoming increasingly significant as Indian products gain access to global markets, especially the UK. With a focus on quality, Indian exporters must maintain high standards to ensure that the 'Made in India' label remains synonymous with quality and value internationally.

  • What does the 'Vision 2035' document between India and the UK entail?

    -The 'Vision 2035' document outlines long-term cooperation between India and the UK across various sectors such as climate change, clean energy, education, and defense. The document envisions enhanced collaboration, which will likely result in more trade, technological innovations, and shared goals for the future.

  • What does the UK stand to gain from the free trade agreement with India?

    -The UK stands to gain significantly from the FTA by accessing a range of high-quality Indian products, especially textiles, agricultural goods, and manufactured items. It will also help the UK expand its market for medical devices, whisky, and automobiles, while benefiting from a competitive edge in sectors like electric vehicles.

  • What are the major concerns regarding the FTA for the UK?

    -One of the major concerns in the UK was the fear of an influx of Indian workers through the visa provisions of the FTA. However, these concerns have been addressed as the agreement focuses primarily on trade and economic cooperation, with only limited provisions for increased migration.

  • How will the India-UK FTA affect Indian farmers?

    -Indian farmers will benefit from the FTA as it removes tariffs on agricultural products, allowing them to access premium markets in the UK. This will provide new export opportunities for Indian agricultural produce, significantly boosting the sector's growth.

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India-UK TradeFree TradeEconomic GrowthIndia ExportsJob CreationManufacturing BoostFTA AgreementVision 2035Global TradeData Science CareersCareer 247
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