India-UK trade deal may bring limited gains for India
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The India-UK free trade agreement is expected to yield limited benefits for India as many exports already have low or zero tariffs.
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While some items like textiles may benefit from tariff cuts, growth in exports will depend more on improving product quality than the FTA.
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Modest increase in exports to Japan after an FTA suggests growth may be due to natural factors rather than the FTA.
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UK exports to India face high tariffs on cars, whisky and wine which could be reduced under the FTA.
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India is reluctant to cut dairy tariffs due to political sensitivities, highlighting the need for selective import opening.