Bharat seals success

Columnist-M.S.Shanker

The coming into force of the Bharat–United Kingdom Comprehensive Economic and Trade Agreement (CETA) marks far more than another diplomatic milestone. It is a clear affirmation that Bharat’s economic rise is no longer a matter of future projections but a present-day reality. As the agreement takes effect on July 15, it reinforces the country’s emergence as one of the world’s most sought-after trading partners and underlines the confidence global economies have in Bharat’s long-term growth story. Trade agreements are often judged not by the headlines they generate but by the opportunities they create. On that count, the Bharat–UK pact deserves to be viewed as a transformational agreement. It grants zero-duty access to nearly 95 per cent of Indian exports entering the United Kingdom, opening a vast market for Indian manufacturers, exporters, farmers, artisans and service providers. Sectors such as textiles, leather, gems and jewellery, engineering goods, pharmaceuticals, marine products, processed foods and chemicals are expected to witness significant expansion. Products that earlier struggled with high tariff barriers will now enjoy greater competitiveness, making Indian exports more attractive in one of the world’s largest consumer markets. The timing could not have been better. With global supply chains undergoing rapid diversification and businesses looking beyond traditional manufacturing hubs, Bharat is positioning itself as a reliable, democratic and stable economic partner. This agreement strengthens that perception. Critics often portray Free Trade Agreements as one-sided concessions. The Bharat–UK agreement demonstrates exactly the opposite. While India has agreed to progressively reduce duties on products such as Scotch whisky, gin, and premium automobiles, it has done so without compromising its core economic interests. Sensitive sectors, including dairy products, cereals, edible oils and several categories of electric and hybrid vehicles, have been kept outside tariff concessions. This reflects mature and careful negotiations that balance consumer benefits with the protection of domestic industry and farmers. Equally significant is the opening of 137 UK services sub-sectors to Indian companies. As Bharat steadily transforms into a global knowledge economy, its strengths increasingly lie in information technology, financial services, consulting, education, healthcare, and professional services. Greater market access for Indian firms means more business opportunities, higher exports of services and stronger global integration.

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Perhaps one of the most welcome provisions is the Double Contributions Convention. Temporary Indian professionals working in Britain and their employers will no longer have to make duplicate social security contributions for up to five years. This practical reform reduces financial burdens, improves global mobility and enhances the competitiveness of Indian professionals abroad. The agreement also introduces annual quotas for 1,800 Indian professionals—including chefs, yoga instructors and classical musicians—to work in the United Kingdom. Though modest in numbers, it acknowledges India’s growing soft power and creates legitimate pathways for skilled professionals to showcase the country’s cultural and professional excellence. Beyond immediate commercial gains, the agreement sends a powerful strategic message. Bharat today is not merely signing trade agreements; it is shaping the architecture of global commerce. With Free Trade Agreements already covering 38 countries through nine major trade pacts, New Delhi has steadily expanded its economic footprint. Recent agreements with the UK and the European Free Trade Association (EFTA), while negotiations continue with the European Union, New Zealand and Oman, demonstrate a sustained commitment to integrating Bharat more deeply into global value chains. These developments complement flagship national initiatives such as Make in India, Atmanirbhar Bharat, the Production-Linked Incentive (PLI) schemes and the ambitious goal of becoming a developed nation by 2047. Rather than promoting isolation, Bharat is building self-reliance through global competitiveness—an approach that encourages domestic manufacturing while expanding international market access. The India–UK agreement is also expected to significantly boost bilateral trade over the coming years, with both governments aiming to substantially increase trade volumes while encouraging fresh investments, technology transfers and job creation. British investments in manufacturing, renewable energy, financial services and innovation could receive further momentum, even as Indian companies expand their footprint across the UK. No trade agreement is a magic wand. Its success will ultimately depend on how effectively Indian businesses seize these new opportunities, improve quality standards, enhance productivity and remain globally competitive. But the framework is now firmly in place. The Bharat–UK Comprehensive Economic and Trade Agreement is therefore much more than a tariff reduction exercise. It is a vote of confidence in Bharat’s economic resilience, negotiating capability and global stature. In an increasingly uncertain world economy, this landmark pact demonstrates that Bharat is not merely participating in global trade—it is helping define its future.

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