{"id":218250,"date":"2022-12-13T20:41:13","date_gmt":"2022-12-13T15:11:13","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=218250"},"modified":"2022-12-13T20:41:13","modified_gmt":"2022-12-13T15:11:13","slug":"india-uk-free-trade-deal-will-be-good-to-businesses-and-consumers-in-both-countries","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-uk-free-trade-deal-will-be-good-to-businesses-and-consumers-in-both-countries\/","title":{"rendered":"India-UK free trade deal will be good to businesses and consumers in both countries"},"content":{"rendered":"\n<p><strong>Source<\/strong>: The post is based on the article\u00a0\u201c<strong>India-UK free trade deal will be good to businesses and consumers in both countries\u201d <\/strong>published in <strong>The Indian Express<\/strong>\u00a0on\u00a0<strong>13<sup>th<\/sup> December 2022<\/strong>.<\/p>\n<p><strong>Syllabus: GS 2 \u2013 International Relations<\/strong><\/p>\n<h5><strong>Relevance: <\/strong><strong>benefits of<\/strong> <strong>Free Trade Agreement between India and the UK.<\/strong><\/h5>\n<p><strong>News: <\/strong>India and the UK are the two largest economies of the world. A Free Trade Agreements <strong>(FTA)<\/strong> between the two would further benefit both the economies.<\/p>\n<h5><strong>How will the free trade agreement benefit both the nations? <\/strong><\/h5>\n<p><strong>Lower Prices:<\/strong> It would help in providing multiple choice to Indian consumers along with providing lower prices of British manufactured products.<\/p>\n<p><strong>Environmental Benefits:<\/strong> PM Modi has asked the Indian Businesses to export products around the world with <strong>\u201czero-effect, zero-defect\u201d.<\/strong> This means exporting high-quality goods with no environmental impact. An FTA would help in achieving this.<\/p>\n<p><strong>Providing Market:<\/strong> It would help Indian firms by providing a market in the UK where they can sell their goods and services.<\/p>\n<p><strong>Expertise:<\/strong> India\u2019s economy is growing and the UK can provide its expertise in the different fields including SMEs to further give a boost to the economic growth of India.<\/p>\n<p><strong>Investments:<\/strong> It would also help to empower the India-UK investment boom and increase investment in each other\u2019s economy.<\/p>\n<h5><strong>What are the concerns?<\/strong><\/h5>\n<p>There are concerns of slow global economic growth, impact of pandemic on the supply chain and volatile markets to the current trade agreement.<\/p>\n<p>However, despite these concerns it is expected that FTA would help in boosting ties between the two nations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article\u00a0\u201cIndia-UK free trade deal will be good to businesses and consumers in both countries\u201d published in The Indian Express\u00a0on\u00a013th December 2022. Syllabus: GS 2 \u2013 International Relations Relevance: benefits of Free Trade Agreement between India and the UK. News: India and the UK are the two largest economies&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-uk-free-trade-deal-will-be-good-to-businesses-and-consumers-in-both-countries\/\">Continue reading <span class=\"screen-reader-text\">India-UK free trade deal will be good to businesses and consumers in both countries<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10500],"class_list":["post-218250","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704848674},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/218250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=218250"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/218250\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=218250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=218250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=218250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}