India, July 6 -- There is already "euphoria" within the industry over the possibilities opened up by the India-UK free trade agreement, and economic growth for both countries is an inevitable outcome of the pact coming into force this month, according to an industry expert.

The UK-India bilateral Comprehensive Economic and Trade Agreement (CETA) was signed last year and will enter into force on July 15.

Kishore Jayaraman, Group CEO of the UK India Business Council (UKIBC), said he remains "very bullish" about India and the UK being a "formative force into the future" as a result of the pact.

"India offers capacity and capability, so scalability for businesses that want to scale up in the Indian market just gets that much easier," Jayar...