India's trade deal with Britain is a sign of New Delhi's new gradual shift to opening up its markets while shielding crucial sectors from competition and could be its template for future agreements, government officials and analysts said on Friday.

The deal aims to double bilateral trade between India and the UK, from €60 billion to €120 billion by 2030, by reducing or eliminating tariffs on key goods and services

The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) is set to bring cheer to luxury car buyers in India as imported Rolls-Royce, Aston Martin, McLaren, Bentley, and Jaguar Land Rover (JLR) cars will see a drop in prices following a staggered reduction in customs duty once the British Parliament ratifies the deal.