India-UK trade deal: Tariff on imported whisky halved, automotive duty cut to 10 percent under quota

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The FTA has taken place in the backdrop of growing economic relations between India and the UK, and the bilateral trade of about $60 billion between both nations is projected to double by 2030, a government statement has said. PM Narendra Modi made the FTA announcement after a telephonic conversation with his British counterpart Keir…

India’s growth outlook at risk from trade tensions and geopolitical risks, says government

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“Uncertainties stemming from global developments constitute a key risk for the growth outlook for fiscal year 2025/26,” the Ministry of Finance said in its monthly economic report released on Tuesday. Trade tensions and geopolitical risks pose a challenge to India’s economic growth in the fiscal year that started this month, potentially disrupting supply chains and…