The recently signed Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom is expected to significantly enhance India’s trade prospects and attract British investments, experts say.
The agreement, inked on July 24, 2025, is slated to come into force next year. It is projected to provide duty-free market access for nearly 99% of Indian exports, covering key sectors such as textiles, automotive components, footwear, and pharmaceuticals.
Speaking on the development, Gulzar Didwania, Partner at Deloitte India, said, “The signing of the CETA is expected to deliver substantial gains for India by boosting exports, attracting investments, and opening wider opportunities in the services sector, including IT, financial, healthcare, and professional services in the UK market.”
Didwania also highlighted that the agreement would facilitate smoother movement of skilled professionals, promote mutual recognition of qualifications, and strengthen collaboration in education, innovation, and research.
SC Ralhan, President of the Federation of Indian Export Organisations (FIEO), noted that the pact could help double bilateral trade to USD 120 billion by 2030. He added, “The India-UK FTA opens unprecedented opportunities across key sectors, especially for MSMEs and labour-intensive industries. It not only reduces tariffs but also eases regulatory barriers for services and investments.”
Industry experts believe the agreement will serve as a major impetus for India’s export-driven growth strategy while strengthening economic ties with one of its key global partners.
