Overview

• The deal reduces Indian tariffs on 90% of British exports, including whisky, gin, and cars, with phased reductions over a decade.
• UK consumers are set to benefit from cheaper Indian goods like textiles, footwear, and food products, as UK tariffs are lowered.
• A Double Contribution Convention exempts temporary workers from paying national insurance or social security contributions for three years.
• The agreement is projected to add £4.8 billion to UK GDP and increase wages by £2.2 billion annually by 2040.
• Both countries continue discussions on a bilateral investment treaty and other regulatory chapters to complement the trade agreement.