What is the projected annual growth rate of India-UK bilateral trade under the new Free Trade Agreement (FTA)?

Correct option is C

The correct answer is: (C) 15%

Explanation:

• Under the new India–UK Free Trade Agreement (FTA), bilateral trade is projected to grow annually at 15%.
• The FTA is expected to reduce tariffs, ease market access, and promote services and investment between the two nations.
• Both countries aim to double their current trade volumes within the next decade, with sectors like textiles, pharmaceuticals, IT, and automobiles benefiting the most.

Information Booster:

• The India-UK FTA was finalized in 2025 after several negotiation rounds.
• The deal focuses on both goods and services, with India gaining in textiles and IT, while the UK gains in Scotch whisky and financial services.
• The FTA is expected to add billions of dollars to bilateral trade.
• India-UK bilateral trade was already valued at over USD 20 billion before the FTA.
• The agreement strengthens strategic and economic ties post-Brexit.