India’s proposed Free Trade Agreement (FTA) with the United Kingdom is projected to result in a revenue loss of approximately Rs. 4,060 crore, according to preliminary estimates from the Indian side. While the pact aims to enhance bilateral trade, improve market access, and deepen economic ties, concerns over its fiscal impact have emerged. The anticipated revenue shortfall, largely stemming from tariff concessions across sectors, highlights the delicate balance policymakers must strike between fostering global trade partnerships and safeguarding domestic revenues and industries.