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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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