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      Question

      As per GTRI, what is the estimated customs revenue loss

      for India in the first year of the India-UK Free Trade Agreement?
      A ₹3,884 crore Correct Answer Incorrect Answer
      B ₹5,200 crore Correct Answer Incorrect Answer
      C ₹4,060 crore Correct Answer Incorrect Answer
      D ₹6,345 crore Correct Answer Incorrect Answer
      E ₹4,800 crore Correct Answer Incorrect Answer

      Solution

      According to the Global Trade Research Initiative (GTRI), India is likely to lose ₹4,060 crore in customs revenue in the first year of implementing the India-UK FTA due to tariff reductions. This figure is based on current trade volumes and tariff cuts.

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