Business news · Global · 13 Jul 2026
IN Textiles Automobile and Auto Components Fast Moving Consumer Goods Information Technology
The India-UK Comprehensive Economic and Trade Agreement enters into force on July 15, 2026. UK tariffs of up to 70% on processed foods, 21.5% on marine products, 18% on engineering goods and auto components, 16% on leather and footwear, 12% on textiles and garments and 8% on chemicals and pharmaceuticals go to zero. A social security convention spares Indian professionals in the UK from paying contributions in both countries for up to five years, covering over 75,000 workers and 900 companies, and the UK opens 137 services sub-sectors. The UK buys about 3.4% of India's merchandise exports.
Zero duty in the UK improves the price competitiveness of Indian apparel and home-textile exporters, seafood processors, leather and footwear makers, auto-component suppliers and engineering firms against rivals that still pay tariffs. The social security relief cuts the cost of posting staff to the UK for IT services companies. The UK takes a modest share of India's exports, so the gains concentrate in labour-intensive export sectors rather than the broad market.
Reported by Business Standard — “India-UK CETA: What changes for exporters and workers from July 15?” ↗ on 13 Jul 2026.
NSE stocks, from the last close on or before 13 Jul 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Textiles | 13 | -14.2% | 2 of 13 | -6.8 pts |
| Automobile and Auto Components | 52 | -4.5% | 20 of 52 | +2.9 pts |
| Fast Moving Consumer Goods | 47 | -9.3% | 15 of 47 | -1.9 pts |
| Information Technology | 40 | -2.5% | 18 of 40 | +4.9 pts |
| All tracked stocks | 804 | -7.4% | 249 of 804 | — |
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