India-UK trade deal could impact businesses from Wimbledon towels to Scotch whisky

The new India-UK free trade agreement, effective from this week, reduces tariffs on 99% of Indian exports and 90% of UK imports, aiming to boost bilateral trade. India expects its exports, including textiles, garments, and home furnishings, to grow significantly due to the removal of tariffs previously paid, while UK duty reductions on Scotch whisky and efforts to address non-tariff barriers are also key aspects. The deal is anticipated to increase trade growth and market share for India, especially in sectors like ready-made garments, though challenges such as compliance and existing trade barriers remain.

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