India-UK Free Trade Agreement Projected to Reach $115 Billion in Trade by 2030
The free trade agreement between India and the United Kingdom, slated to come into force on 15 July 2026, is expected to dramatically boost bilateral commerce. Industry body Assocham projects total trade to climb from an estimated $58 billion in FY 2025‑26 to $115 billion by 2030, effectively doubling the current level within four years of full implementation.
The surge in exports and industrial activity is forecast to generate between 700,000 and 1,000,000 new jobs in India across multiple sectors. Assocham warns that Indian firms will need to align with global quality standards and secure required international certifications to compete successfully in the UK market.
Entities: Assocham · India · United Kingdom
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Bilateral trade between India and the United Kingdom is projected to reach $115 billion by 2030. (Trade could climb to $115 billion by 2030.)
- [○ 1 SOURCE] The FTA could create between 700,000 and 1,000,000 new jobs in India. (Job creation of 7‑10 lakh is expected.)
- [○ 1 SOURCE] Trade in fiscal year 2025‑26 is estimated at $58 billion. (FY 2025‑26 trade is projected at $58 billion.)
- [○ 1 SOURCE] The India-UK Free Trade Agreement is scheduled to take effect on 15 July 2026. (The agreement will come into force on 15 July 2026.)
- [○ 1 SOURCE] The projected trade increase would nearly double the 2025‑26 level. (Trade could almost double from $58 billion to $115 billion.)
- [○ 1 SOURCE] Indian companies will need to meet global standards and obtain necessary certifications to compete in the UK market. (Firms must align with global standards and secure certifications.)