Mumbai, July 25 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra today welcomed the signing of the India-UK Free Trade Agreement (FTA), stating that it would boost multiple sectors of the Indian economy.
Hopefully, it (the FTA with the UK) should help us. That is the way going forward now, because unfortunately, multilateralism seems to have taken a back seat," the RBI Governor said, speaking
at an industry event here.
The India-UK FTA is expected to enhance trade volumes, reduce tariffs, and open up new avenues for Indian businesses across sectors such as finance, technology, pharmaceuticals and services, Malhotra said.
India and the UK on Thursday signed the FTA, officially called the Comprehensive Economic and Trade Agreement ...