India-UK Free Trade Agreement Could Push Bilateral Trade to $115 Billion by 2030: Assocham

The India-UK Free Trade Agreement (FTA) could help increase bilateral trade to $115 billion by 2030, according to a study released by the Associated Chambers of Commerce and Industry of India (Assocham). 

The industry body said the agreement, which came into force on July 15, 2026, is projected to expand trade while supporting employment generation over the coming years. 

Trade Outlook Under the Agreement 

According to Assocham, total trade between India and the UK is expected to increase from $58 billion in 2025-26 to $115 billion by 2030. 

The chamber also said the agreement could lead to the creation of 7 lakh to 10 lakh new employment opportunities. 

Exporters Need to Meet Global Standards 

Assocham said India will need to maintain sustained competitiveness to realise the projected trade potential. 

It added that Indian businesses would have to comply with product quality standards, certification requirements, Rules of Origin provisions and international sustainability standards. 

Infrastructure and Business Reforms 

Nirmal K. Minda, President, Assocham, said ease of doing business reforms and continued investments in infrastructure and supply chains would be important for Indian businesses to meet these requirements. 

He said these measures would help support the country's efforts to realise the opportunities offered by the trade agreement. 

Engineering Goods Among Key Beneficiaries 

Minda said the engineering goods sector is expected to benefit from the agreement. 

He added that stronger growth in the sector could provide an impetus to micro, small and medium enterprises (MSMEs) and contribute to job creation. 

Read More: India, Romania Set Three-Year Target To Double Bilateral Trade; Defence, Supply Chains Among Focus Areas! 

Conclusion 

Assocham said the India-UK Free Trade Agreement is expected to expand bilateral trade to $115 billion by 2030, while supporting employment generation. The chamber also highlighted the importance of global standards, infrastructure and supply chain investments to achieve the projected outcomes. 

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