No FTA w/UK In Modi's Current Term-RTRS Sources

Reuters reporting that according to its sources in India, the gov't of PM Narendra Modi will not conclude a free trade agreement (FTA) with the UK during Modi's current term in in office, which expires in the spring of 2024. The sources state that "India and Britain are struggling to make progress in free trade talks due to differences on some key tariff lines and investment protection rules,"

• Reuters: "For India, a deal with the UK would be its first with a developed country after it signed an interim trade pact with Australia last year. It comes at a crucial time for Modi, who is looking to solidify India's business-friendly image in the run up to national elections next year. Britain, on the other hand, has prioritised a deal with India as part of its Indo-Pacific foreign policy tilt aimed at enhancing ties with the region's fast-growing economies."
• Reuters: "As of the end of April the countries were unable to complete discussions on any more chapters than they had in December. They have agreed on terms of 13 out of 26 chapters that constitute the pact. The two countries have also ruled out the possibility of an interim pact, two of the sources said."