New Delhi, Oct. 21 -- UK businesses are accelerating their entry into India following the signing of the UK-India Free Trade Agreement (FTA), according to a report by Grant Thornton.

The firm's International Business Report (IBR) reveals a sharp rise in interest, with 72% of UK companies identifying India as a priority market for growth - up from 61% in the previous year.

Although only 28% of respondents currently have operations in India, nearly three-fourths (73%) of those without a presence plan to enter the Indian market soon, with 13% aiming to do so within the next 12 months.

The UK-India Comprehensive Economic and Trade Agreement (CETA), signed during British Prime Minister Rishi Sunak's visit to India in July, is being hailed a...