Trade experts said the overall deal — which will increase long-run UK GDP by 0.1 per cent a year, according to the government — was focused more heavily on goods than services, reflecting New Delhi’s longtime reluctance to open its markets in those areas.

India and Britain struck a “landmark” trade deal Tuesday, the UK government said, marking progress on lowering and removing tariffs just as President Donald Trump is busy raising US import taxes to historic levels.

Though no deals have been announced yet, President Trump and Treasury Secretary Scott Bessent have both said agreements could come as soon as this week.