India is set to double its share in the UK’s RMG imports from 6 per cent to 12 per cent post-FTA, creating a $1.1–1.2 billion annual export opportunity, as per CareEdge Ratings.
The FTA levels the playing field against duty-free competitors and offers India a 12 per cent tariff edge over China.
It is expected to boost investment, employment, and foreign exchange earnings in India’s textile sector.