India–UK FTA deal: Eases path for IT and electronics sectors with workforce, export gains

In a significant stride for the IT and electronics sectors, the India-UK Free Trade Agreement (FTA) provides a three-year exemption from social security payments for Indian professionals temporarily posted in the UK. The move will benefit around 75,000 Indian workers and over 900 employers, primarily from the IT sector, which counts the UK as its second-largest export market. This exemption is a major cost-saving measure for IT majors like Tata Consultancy Services and Infosys, and it eliminates a longstanding burden of dual contributions, allowing for more agile deployment of talent to onsite UK projects.