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’s free trade agreement with UK can boost growth for Asia’s third largest economy by a quarter point over the next five years, according to Elara Capital.

Sir Keir said the agreement was "the biggest and most economically significant" trade deal Britain had made since Brexit.