India, July 24 -- India and the United Kingdom singed a historic free trade agreement on Thursday during Prime Minister Narendra Modi's visit to the UK, where he met his British counterpart Keir Starmer.

This free trade deal, which was under negotiation for around three years, will give a much-needed boost bilateral trade between the two countries by around $ 34 billion annually.

The deal was signed by commerce minister Piyush Goyal and his British counterpart Jonathan Reynold in presence of the Prime Ministers of both the countries.

With this landmark deal, India is set to see tariff slashes on several products imported from UK and the export businesses in India will also benefit immensely.

Commerce minister Piyush Goyal said that th...