Revised social security pact with U.K. could save $500 million for Indian firms and workers (opens original article in a new tab)

A revised social security pact between India and the U.K. will save Indian firms and workers $500 million by extending the exemption period for social security payments from three to five years, while trade deal issues related to steel tariffs have been resolved.

• Revised social security agreement between India and the U.K. will save Indian companies and workers $500 million in social security payments.
• The agreement extends the social security exemption period from three to five years for Indian workers in the U.K.
• India and the U.K. resolved trade disputes related to steel tariffs, ensuring continued market access for Indian steel exports.