News Snapshot:
India and the United Kingdom inked a Free Trade Agreement (FTA) on Tuesday (May 6), bringing to an end around three years of negotiations. The timing of the deal, signed by the world’s fifth and sixth largest economies, respectively, is significant. It comes as global trade is reeling under the tariffs unleashed by US President Donald Trump in early April. In a post on X, Prime Minister Narendra Modi said he spoke to UK PM Keir Starmer, describing the deal as an “ambitious and mutually beneficial Free Trade Agreement”. It would help “catalyse trade, investment, growth, job creation, and innovation...