New Delhi, Aug. 31 -- The loss incurred due to the imposition of reciprocal tariffs on Indian textile exports to the United States (US) may be offset by a surge in exports to the United Kingdom (UK), buoyed by the recently concluded India-UK Free Trade Agreement (FTA), said CareEdge Ratings in a report.

The report said that the ongoing FTA negotiations with the European Union are expected to open additional avenues, signalling a strategic realignment of India's textile trade landscape.

The India-UK FTA is a game changer for India's Readymade garments (RMG) and home textile sectors, creating a level-playing field vis-a-vis key competing nations for accessing the nearly USD 23 billion UK import market, the report added.

"India's textile ...