The UK and India have reached a free trade agreement

On May 6th, the British government: India will cut tariffs on 90% of British imports, of which 85% will be zero within ten years. In addition, India will halve tariffs on whisky and gin imported from the UK to 75%, and reduce car tariffs to 10% under quotas. The UK-India deal is expected to increase UK GDP by £4.80 billion a year by 2040, while the trade deal will increase bilateral trade by £25.50 billion a year.