Modi-Starmer Pact: A New Dawn for Indo-UK Trade?
The signing of the India-UK Comprehensive Economic Trade Agreement (CETA) on August 4, 2025, by Prime Minister Narendra Modi and UK Prime Minister Keir Starmer signifies a pivotal moment in bilateral economic relations. This landmark agreement promises to significantly boost trade and investment between the two nations.
The CETA is expected to unlock substantial opportunities for Indian businesses, particularly in sectors like pharmaceuticals, IT, and textiles, providing enhanced market access to the UK. Conversely, it offers British companies greater inroads into the burgeoning Indian market.
While specifics of the agreement remain to be fully unveiled, early indications suggest a focus on reducing tariffs and streamlining trade procedures. This promises to enhance competitiveness and create new avenues for economic growth.
The success of this agreement will depend on effective implementation and addressing potential challenges. Its impact on Indian jobs and the overall economy will be a key area of public scrutiny in the coming months and years. The long-term implications for both nations’ economic prosperity will be closely watched by global markets.
