More jobs and savings for Indian professionals in UK

The India-UK free trade agreement is going to ease norms for Indian professionals in the UK and spur job growth. Under the pact, qualified professionals from India such as architects, engineers and medics will be able to take advantage of the enhanced market access and provide services in the UK. It is expected to create direct and indirect jobs through the expansion of these services sectors.

India-UK trade pact to benefit these professionals
The pact will also provide professionals with better mobility access to the UK, especially those involved in the R&D and computer services.

Additionally, the CETA allows for around 75,000 detached workers to benefit from the double contribution convention (DCC) that exempts Indian workers who temporarily move to the UK and their employers from contributing to the national insurance contribution for three years. This will reduce the financial burden on Indian professionals temporarily working in the UK and will lead to better income generation.

“The exclusion of social security contributions through DCC supports simpler compensation structures and higher earning potential for detached workers, benefiting many temporary service industry professionals from the Indian diaspora in the UK,” said Neelabh Shukla, chief business officer at Careernet. He said that the pact will also give British firms access to Indian government contracts. “This access, coupled with the lower tariffs on both sides, will lead to UK companies taking India more seriously for building talent through global capability centres (GCCs). It should indirectly lead to more job creation beyond trade benefits,” he said.

Further, the trade deal also provides certainty for Indian professionals employed by companies without any physical presence in the UK who can now supply a service across key categories such as consulting, architectural services, tech, IT/ITes, and travel agency.

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