Britain and India have struck a landmark free trade deal that will slash tariffs with the world’s fifth largest economy and ultimately boost growth by up to £5 billion a year — the equivalent of a 0.1 per cent rise in GDP.
The agreement, the biggest trade deal signed since Brexit, will result in Indian taxes on British exports such as whisky and cars falling by up to 90 per cent.
In return Britain has made concessions to Delhi, including an exemption from national insurance payments for Indian workers in Britain.
Sir Keir Starmer hails the “historic” trade deal with India
Narendra Modi, the Indian prime minister, described the deal as a “historic milestone”, adding: “India and the UK have successfully concluded an ambitious and mutually beneficial free trade agreement. These landmark agreements will further
