Ashish Kumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has said that the India-UK trade deal should become a template for India's other trade deals with like-minded countries. He termed the deal a harbinger of things to come under new geopolitical realities, where multilateralism is gradually moving away.

"This is the first deal post Brexit, what I call the gradual moving away from multilateralism; that, in a way, (US President) Donald Trump kickstarted. So, India-UK Free Trade Agreement should become a template for India's deals with other important like-minded countries like the US, the EU or Japan," Chauhan told ANI.

The India-UK Free Trade Agreement was signed and formalised on Thursday during Prime Minister Narendra Modi's visit to the UK.