India and the UK will gain a lot from each other by exploring the possibility of signing a free-trade agreement (FTA), as the proposed pact can help in catalysing trade and economic growth in these two countries, according to experts. They also stated that right stakeholders should be present at the table from the Indian side while negotiating the free-trade agreement between the two countries.
Speaking at the webinar of the Trade Promotion Council of India (TPCI) on ‘India- UK Free Trade Agreement-linking markets with deepening of the ties’, NITI Aayog Adviser (Industry-I) Ishtiyaque Ahmed said India can explore an FTA with the UK and it should try and leverage this agreement to grow and diversify its exports and attract investment.
“With respect to the UK, an FTA with India will give it access to a large and growing market and an attractive destination for its investments.
“With respect to the UK, an FTA with India will give it access to a large and growing market and an attractive destination for its investments and supply chain diversification,” he said.
