Editor’s Note
India and the UK launched a major trade agreement on July 15, 2026, aimed at reducing tariffs and opening key markets. On day one, India is set to export $140 million in goods to the UK. The UK has eliminated tariffs on 97.7% of Indian exports, while India is reciprocating by phasing out most tariffs, benefiting sectors like engineering, textiles, and gems and jewelry.
India and the UK just kicked off a major trade agreement on July 15, 2026. The idea? Make trading easier by cutting tariffs and opening up key markets. On day one, India is set to export $140 million worth of goods to the UK — a pretty strong start for this new partnership.
The UK dropped tariffs on nearly all Indian exports, about 97.7%, while India is phasing out most tariffs too. This means cheaper engineering goods, textiles, and especially gems and jewelry heading to the UK — exports in these sectors are set to jump big time. Plus, Indian professionals working in the UK will pay less social security, making it a win for both countries’ economies and young workers looking abroad.