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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 β‚Ή3,884 crore Correct Answer Incorrect Answer
      B β‚Ή5,200 crore Correct Answer Incorrect Answer
      C β‚Ή4,060 crore Correct Answer Incorrect Answer
      D β‚Ή6,345 crore Correct Answer Incorrect Answer
      E β‚Ή4,800 crore Correct Answer Incorrect Answer

      Solution

      According to the Global Trade Research Initiative (GTRI), India is likely to lose β‚Ή4,060 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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