The deal was finalised by Commerce and Industry Minister Piyush Goyal during his talks with UK Business and Trade Secretary Jonathan Reynolds in London on Friday.
New Delhi:UK Prime Minister Keir Starmer on Tuesday held a telephonic conversation with his Indian counterpart, Narendra Modi, over the completion of the Free Trade Agreement (FTA), which the former said was a "historic occasion" between the two countries.
According to a nearly 50-second audio clip shared by Mr Starmer on X, the two Prime Ministers congratulated each other and agreed that the trade deal would strengthen their "strategic partnership".
The multi-billion-pound trade deal locks in reductions on 90% of tariff lines and is expected to add 4.8 billion pounds annually to the British economy by 2040.
Here are the excerpts from the telephonic conversation between Mr Modi and Mr Starmer:
PM Modi: Hello, Excellency
PM Starmer: Congratulations Prime Minister. We've achieved something truly historic today. This is the biggest deal the UK has done since we left the EU. And I think I'm right in saying it's the most ambitious that India has ever done.
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