India and Britain target $120 billion in bilateral trade by 2030 under new FTA
India and the United Kingdom said they will aim to double total trade to $120 billion by 2030, using the free-trade pact that began on 15 July.
At a joint JETCO session in New Delhi, Indian Commerce Minister Piyush Goyal and UK Secretary of State for Business and Trade Jonathan Reynolds reaffirmed a shared ambition to double India-UK trade to $120 billion by 2030. The objective builds on the India-UK Comprehensive Economic and Trade Agreement, which became effective on 15 July, and would lift total trade from one outlet $60.56 billion of goods and services combined.
Ministers stressed tackling remaining trade barriers, strengthening institutional mechanisms and expanding business-to-business engagement. Goyal and Minister of State for Commerce Jitin Prasada also hosted a delegation of seven UK mayors at Bharat Mandapam, exploring regional partnerships in investment and innovation. The meeting was part of a broader programme that included visits by senior UK officials, and the next JETCO gathering is scheduled for the United Kingdom in 2027.
Why it matters
Doubling India-UK trade could reshape economic ties between two major markets and create new opportunities for businesses in both countries.
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