India-UK trade pact takes effect, promising tariff cuts and services boost

The new India-UK trade pact, which went into effect recently, slashes tariffs on a wide range of products, fostering easier trade between the two countries. This agreement also opens up more opportunities for service sector professionals and companies to operate in each other's markets. This deal is significant as it aims to strengthen economic ties and potentially boost economic growth on both sides. The reduced tariffs and expanded service sector access are expected to enhance bilateral trade and investment, making this pact a pivotal step in India-UK relations.