India-UK Trade Pact: Exports to Hit $115B by 2030

India's exports to the UK could reach $115 billion by 2030 under the newly implemented free trade agreement, the Associated Chambers of Commerce and Industry of India said in a study Friday.

The total trade trajectory is expected to expand from $58 billion in the 2025-26 fiscal year to $115 billion by 2030, the study said. The pact could create 700,000 to 1 million new jobs, it added.

For India to capture that growth, sustained competitiveness is critical, the chamber said. Indian businesses will need to meet product quality, certification requirements, Rules of Origin compliance and international sustainability standards.

Assocham President Nirmal K Minda said the engineering goods sector is expected to benefit from the agreement, giving an impetus to MSME growth and job creation.

The India-UK free trade agreement came into force on July 15, 2025.