CIM Goyal said the India-UK CETA is a gold standard of trade deals done by India, however, he added that no two trade deals can be the same, implying that the India-US deal is "fast progressing" but may take some more time.

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.

India and the UK have formalized a free trade agreement, aiming to double bilateral trade to $112 billion by 2030. The deal grants duty-free access to