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The recently signed Free Trade Agreement (FTA) between India and the United Kingdom is expected to significantly boost India’s electronics sector. Key exports such as smartphones, optical fiber cables, and inverters will now enter the UK market duty-free. This agreement reflects a deeper economic partnership between the two nations.
Indian electronics manufacturers are anticipated to expand their market presence in the UK due to zero-duty access, making Indian products more competitive. Beyond physical goods, the deal also opens opportunities for Indian IT and IT-enabled services firms, a crucial industry segment.
According to an official source, this zero-duty policy is set to accelerate the export of electronic products, thereby strengthening India’s market foothold. The agreement aligns with India’s broader trade strategy, aimed at securing its place in global supply chains and fostering economic growth.
📚 Reading Comprehension Quiz
What sector is expected to benefit significantly from the recently signed Free Trade Agreement (FTA) between India and the United Kingdom?
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