Concept:India and the UK agreed on a specific festive-season deadline in 2022 for concluding the Free Trade Agreement.
Explanation:During the visit of the then UK Prime Minister Boris Johnson to India in April 2022, both nations fixed the target of concluding the FTA by Diwali, which falls in October 2022.
This deadline was chosen to speed up the negotiation process and settle unresolved issues in trade and services.
The agreement is expected to lower tariffs and trade barriers, which will strengthen economic cooperation between the two democracies.
Both leaders also referred to the "Roadmap 2030", which aims to double bilateral trade by the end of the decade.
India hopes to boost exports in textiles, leather, and gems and jewellery, while the UK seeks better market access for whiskey, automobiles, and legal services.
The Enhanced Trade Partnership (ETP), launched in May 2021, served as the foundation for the formal FTA negotiations.
Answer:The India-UK Free Trade Agreement is expected to be concluded by Diwali. Hence, Option D is the correct answer.