{"id":184478,"date":"2025-06-14T19:07:11","date_gmt":"2025-06-14T19:07:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/184478\/"},"modified":"2025-06-14T19:07:11","modified_gmt":"2025-06-14T19:07:11","slug":"best-deal-india-has-ever-offered-india-uk-trade-pact-seen-as-landmark-win-in-uk-parliament-deal-hailed-for-boosting-gdp","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/184478\/","title":{"rendered":"\u2018Best deal India has ever offered\u2019: India-UK trade pact seen as landmark win in UK Parliament; deal hailed for boosting GDP"},"content":{"rendered":"<p> <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/121852323.jpg\" alt=\"\u2018Best deal India has ever offered\u2019: India-UK trade pact seen as landmark win in UK Parliament; deal hailed for boosting GDP\" decoding=\"async\" fetchpriority=\"high\"\/> The Free Trade Agreement (FTA) concluded with India places Britain at a \u201cgenuine\u201d competitive advantage in advanced manufacturing sectors, UK Business and Trade Secretary Jonathan Reynolds told the House of Commons during a debate this week.Fielding questions on the scope and benefits of the deal \u2014 agreed last month \u2014 Reynolds described the FTA as a major economic win for the UK and \u201cthe best deal that India has ever offered\u201d.\u201cOn advanced manufacturing\u2026 a set of advantageous positions has been agreed, putting this country at a genuine competitive advantage, particularly in relation to sectors such as automotive and machinery,\u201d Reynolds said in response to British Sikh Labour MP Gurinder Singh Josan, as quoted PTI.\u201cIndia is traditionally a very protectionist economy, and it is the world\u2019s fastest growing big economy. Whether it is for goods or services\u2026 or the West Midlands as a whole, there is so much good stuff here to celebrate,\u201d the minister added.The UK government estimates the deal could boost bilateral trade by GBP 25.5 billion annually in the long term. The Department for Business and Trade (DBT) projects a GDP increase of GBP 4.8 billion and wage growth of GBP 2.2 billion per year over the next decade.The debate in Parliament comes just ahead of UK-India Week, which begins next week as part of the India Global Forum (IGF) summit in London. Minister of Commerce and Industry Piyush Goyal is among the high-level speakers expected at the event.UK-India Week will also mark the launch of the 2025 edition of the &#8216;India Meets Britain Tracker&#8217;, an annual analysis by Grant Thornton and the Confederation of Indian Industry (CII) that maps investment flows from India to the UK.\u201cIndian companies continue to play a pivotal role in the UK\u2019s growth story \u2014 from job creation to innovation. This year\u2019s tracker showcases their growing diversification, scale and resilience, and reflects the growing maturity and confidence of Indian enterprise on the global stage,\u201d said Anuj Chande, Partner and Head of South Asia Business Group at Grant Thornton.\u201cIndian businesses are no longer just investing abroad \u2013 they are transforming global economies,\u201d said India Global Forum founder Manoj Ladwa.According to last year\u2019s report, a record 971 Indian-owned companies were operating in the UK \u2014 a number that has continued to rise. With India and the UK now ranked as the fourth and sixth largest economies respectively, the FTA is being seen as a critical pillar in one of the world\u2019s most strategic investment corridors.<\/p>\n","protected":false},"excerpt":{"rendered":"The Free Trade Agreement (FTA) concluded with India places Britain at a \u201cgenuine\u201d competitive advantage in advanced manufacturing&hellip;\n","protected":false},"author":2,"featured_media":184479,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[75657,51,1700,5325,75656,75655,16,21154,15],"class_list":{"0":"post-184478","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-advanced-manufacturing-sectors","9":"tag-business","10":"tag-economy","11":"tag-free-trade-agreement","12":"tag-india-global-forum","13":"tag-india-uk-trade-pact","14":"tag-uk","15":"tag-uk-parliament","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114683291397292407","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/184478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=184478"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/184478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/184479"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=184478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=184478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=184478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}