India-UK Trade Deal News: Tariffs Slashed, Urea Reforms Incoming as IT Stocks Dip
Positive vibes for Indian economy! The landmark India-UK Comprehensive Economic and Trade Agreement (CECA) is now operational, slashing or removing tariffs on most lines to
Positive vibes for Indian economy! The landmark India-UK Comprehensive Economic and Trade Agreement (CECA) is now operational, slashing or removing tariffs on most lines to boost exports in textiles, footwear, and marine products. The Double Contribution Convention also kicks in to ease burdens on Indian professionals in the UK.
Meanwhile, the Union Cabinet is set to greenlight major urea sector reforms — new investment policy and continued subsidies till 2027 — expected to ramp up domestic production and save thousands of crores. Markets opened marginally higher on banking strength, but IT stocks slid on global cues and AI disruption.
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