The Ministry of Commerce and Industry announced on 12 October 2026 that India and the UK aim to double their bilateral trade by 2030. This goal is supported by the India-UK Comprehensive Economic and Trade Agreement (CETA), which provides zero-duty access to the UK market for most Indian exports and opens opportunities for UK exporters. The initiative focuses on five priority areas including clean energy, advanced manufacturing, technology, financial services, and healthcare. The release does not say when the agreement takes effect, though it notes CETA has been in force for almost 100 days.
Key points
- Target: Double bilateral trade between India and the UK by 2030
- CETA provides zero-duty access to the UK market for most Indian exports
- Priority areas: Clean energy, advanced manufacturing, tech/innovation, financial services, and healthcare
- Focus on supporting MSMEs and first-time exporters with accessible guidance in regional languages
When it applies
The document does not state when it takes effect.
Who it affects
- exporters
Refers to
- India-UK Comprehensive Economic and Trade Agreement (CETA)
- Technology Security Initiative agreed in 2024