India’s prime minister, Narendra Modi, is visiting London to sign a landmark free trade agreement between his country and the UK, a pact viewed as a political and economic prize amid global trade tensions unleashed by the US president, Donald Trump.
For Britain, eager to score a post-Brexit win, the deal is its most economically significant trade agreement since leaving the EU. For India, it marks its first major free trade pact outside Asia. For both, analysts say, the agreement signals a long-term economic partnership.
“The UK and India, in many ways we have complementarities. We have had a historical relationship. It’s good to have a deeper trade relationship,” said Indian economist Sanjaya Baru.
