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The UK and India have finalized a landmark free trade agreement after over three years of negotiations.
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The deal introduces 1,800 additional work visas annually for Indian professionals in tech, R&D, and creative sectors.
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Indian musicians, chefs, and yoga instructors will benefit from these new visa opportunities, enhancing cultural exchange.
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The agreement includes provisions for easier business mobility, facilitating smoother operations for Indian service providers in the UK.
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A significant aspect is the exemption of Indian employees on temporary UK work assignments from paying into UK social security for the first three years.
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This exemption could save Indian professionals and companies up to ₹4,000 crore over three years.
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The UK aims to improve the ease of doing business and enable Indian firms to set up operations more efficiently.
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The deal is expected to boost bilateral trade by £25.5 billion annually by 2040.
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Both Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi have praised the agreement.
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Final ratification of the deal is anticipated soon, marking a significant step in UK-India relations.
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