New Delhi, June 26 -- The recently finalised free trade agreement between the United Kingdom and India is expected to add £4.8 billion to the UK economy and £2.2 billion to annual wages, and increase bilateral trade by £25.5 billion, said the UK government's June Trade Strategy report.

The FTA deal, which reduces and liberalises tariffs, is set to open new opportunities for British exports, particularly in whisky and gin, while Indian consumers are set to gain greater access to premium UK products, it said.

In return, British consumers could benefit from lower prices on imported goods such as clothing, footwear, and food products, it added.

In FY25, bilateral goods trade between India and the UK stood at $22.69 billion. ...