India might lose out on ₹4,000 crore in customs revenue, but local industries to get access to British market- The Week
In FY2025, India imported $8.6 billion worth of goods from the United Kingdom. And with it came thousands of crores of rupees in customs revenue. Now, with the latest free trade agreement with the UK, thinktank Global Trade Research Initiative (GTRI) estimates that India would lose out on at least ₹4,060 crore in customs revenue…