Prime Minister Narendra Modi on Thursday expressed optimism that India and the United Kingdom will double their bilateral trade from the current USD 56 billion well before the 2030 target, despite ongoing global trade volatility.
Addressing the India-UK CEO Forum in Mumbai, PM Modi said the Comprehensive Economic and Trade Agreement (CETA) between the two nations represents more than a trade pact, rather it is a roadmap for shared progress, prosperity, and innovation.
He highlighted that the agreement strengthens bilateral ties through collaboration in commerce, education, technology, and aspiration.
Terming the year “unprecedented,” PM Modi commended UK Prime Minister Keir Starmer for his vision and commitment to enhancing economic stability.
He noted that CETA will provide duty-free access for 99% of India’s exports to the UK, benefiting key sectors such as textiles, leather, marine products, and engineering goods.
PM Modi further said the agreement will boost MSMEs in both nations and create new employment opportunities for millions of youth. He also expressed confidence that India and the UK will achieve the trade doubling target ahead of schedule.
