Key Highlights of the UK-India FTA

Tariff Reductions: The agreement will cut Indian tariffs on 90% of product lines, with 85% becoming fully tariff-free within a decade. 

Economic Impact: The deal is expected to boost bilateral trade by £25.5 billion annually by 2040. 

Visa Provisions: The FTA includes measures to facilitate the temporary movement of professionals, particularly through intra-company transfers.

Visa Implications: What Professionals Need to Know

1. Intra-Company Transfers (ICTs)

Under the FTA, Indian professionals transferred to the UK on a temporary basis will be exempt from paying National Insurance Contributions (NICs) for up to three years. This exemption is reciprocal for UK professionals seconded to India. 

Benefits:

Cost Savings: Indian professionals could save up to 20% of their salary, enhancing the UK's appeal as a work destination. 

Simplified Processes: The agreement aims to streamline visa application procedures, reducing administrative burdens for companies and employees. 

2. Expansion of Eligible Professions

The number of job categories eligible for the Global Business Mobility Visa has expanded from 15 to 33, opening opportunities in sectors like IT, healthcare, and finance. 

3. Mutual Recognition of Qualifications

The FTA includes provisions for the mutual recognition of professional qualifications, facilitating easier movement for professionals in fields such as engineering, architecture, and accountancy.

Implications for Students and Graduates

While student visas were not directly addressed in the FTA, the agreement's emphasis on professional mobility and mutual recognition of qualifications could indirectly benefit Indian students in the UK by enhancing post-study work opportunities. 

Conclusion

The UK-India FTA marks a significant step in strengthening economic ties and facilitating professional mobility between the two nations. For Indian professionals and students aspiring to work in the UK, the agreement offers enhanced opportunities and streamlined processes. As the global job market evolves, staying informed about such developments is crucial for making strategic career decisions.

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