New Delhi, July 25 -- The India-UK Free Trade Agreement (FTA) was signed and formalised on Thursday. Commerce and Industry Minister Piyush Goyal and Secretary of State for Business and Trade Jonathan Reynolds signed the agreement in the presence of Prime Minister Modi and Prime Minister Keir Starmer of the UK.

The India-UK FTA marks a significant milestone in India's engagement with major developed economies. "UK rolls out the red carpet for 'Made In India'," Piyush Goyal posted on X. The agreement is expected to boost the bilateral trade between the two countries by $34 billion annually.

"Big overseas avenues open up for India's skilled workforce," the government said, adding that the agreement provides greater market access in IT and ...