Story perspectives

India-UK Forum: CETA to Boost Gem Exports, Create Jobs

10/12/2025

Summary

India-UK Business Boost

The India-UK CEOs Forum in Mumbai discussed opportunities from CETA.
Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), said CETA could lift India's UK gem exports to $2.5 billion in three years, creating 140,000 jobs.
Union Minister Dr. Chandra Sekhar urged Indian leaders to embrace innovation and collaboration.
Tesco may join a government initiative to support workers with health conditions, reducing UK economic inactivity.

Summary

UK Businesses Struggle

United Kingdom business confidence has reached its lowest level in three years, with a -7.3 sentiment index, driven by tax concerns and muted domestic sales.
A record 60% of firms cite taxes as a growing challenge, impacting recruitment and investment.
In London, 61% report rising energy costs, with 44% considering price increases.
Experts warn that without government support and a commitment to avoid tax hikes, the UK risks economic stagnation.

History

Historical Context

The UK and India have pursued stronger economic ties since the 1990s, with significant milestones like the 2005 establishment of the Joint Economic and Trade Committee. In 2021, discussions for a free trade agreement began, aiming to boost bilateral trade by £28 billion. This partnership reflects India's growing influence as the UK's second-largest foreign investor, generating over £48 billion in revenue by 2019.

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India-UK Business Boost

The India-UK CEOs Forum in Mumbai discussed opportunities from CETA.
Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), said CETA could lift India's UK gem exports to $2.5 billion in three years, creating 140,000 jobs.
Union Minister Dr. Chandra Sekhar urged Indian leaders to embrace innovation and collaboration.
Tesco may join a government initiative to support workers with health conditions, reducing UK economic inactivity.

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