India-UK FTA could double bilateral trade to $120B by 2030, reshaping retail sourcing and imports
The India-UK CETA offers 99% duty-free access across 89.5% of tariff lines, boosting export categories like textiles, leather, and gems & jewellery while opening India to UK beverages, spirits, and automobiles. ASSOCHAM projects bilateral commerce doubling from $58B in FY26 to $120B by 2030.
India-UK CETA to double bilateral trade to $120B by 2030, offering duty-free access boosting export sectors including textiles, leather, gems and jewellery; UK gains in beverages, spirits, and automobiles — relevant to Indian retail sourcing and imports.
Why this matters
Following CETA taking effect July 15, which zeroed UK tariffs on Indian textiles, footwear and jewellery while cutting India's duties on cars, Scotch and cosmetics, projections now point to bilateral trade doubling to $120B.
Retail-company signals are accelerating, up 780500% QoQ.