With general elections about five months away, India is hoping to conclude talks for the long-pending FTA with the UK by January 2024. This is seemingly an attempt to ensure there are no pauses in exchanges between the two sides.
There are no strict deadlines anymore to clinch a Free Trade Agreement (FTA) with the UK but India is aiming to conclude negotiations as early as January, a government source told Moneycontrol.
India has been working on an FTA with the UK for over 21 months now and has missed the original deadline of Diwali 2022 to sign the deal.
According to the source, Indian authorities are looking to iron out all differences and close talks well ahead of general elections in the country. India is set to hold polls around April-May 2024 to elect a new government at the Centre.
