NABARD Chairman Calls India-UK Trade Pact a Historic Deal

NABARD Chairman Shaji Krishnan V characterized the India-UK Free Trade Agreement (FTA) as a historic pact designed to strengthen economic ties between the two democracies. He stated that the comprehensive agreement covers trade, investment, services, and technology, which will allow Indian industries to expand their global presence and improve competitiveness.

Krishnan noted that the deal will specifically boost Indian exports by providing zero-duty access for several products and reducing tariffs on others. He emphasized that the agreement is not driven solely by market economics but is also focused on protecting livelihoods.

According to Krishnan, the Government of India, under Prime Minister Narendra Modi, prioritized the protection of small and marginal farmers and rural producers throughout the trade negotiations to ensure their interests were preserved.