The UK is open for business and India features high on its speed-dial
2 weeks, 1 day ago

The UK is open for business and India features high on its speed-dial

Live Mint  

Prime Minister Keir Starmer and Prime Minister Narendra Modi sat down together at the G20 Summit in Brazil for what both have described as an extremely productive meeting. And initiatives like the UK-India Infrastructure Financing Bridge between Niti Aayog and the City of London are bringing the UK’s financing expertise to bear in supporting India’s growth. A new National Wealth Fund will mobilize over £70 billion of private investment, including from overseas, to support the government’s upcoming industrial strategy, clean energy and growth priorities. The recently announced UK-India Technology Security Initiative, spearheaded by our national security advisors, is an excellent example of how the UK and India can move forward together on the defining technologies of this decade. The University of Southampton will establish a comprehensive campus in Delhi NCR, becoming the first international university to do so under India’s new National Education Policy.

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History of this topic

India’s exports rise, boosting global presence
2 weeks, 6 days ago

India’s exports rise, boosting global presence

Deccan Chronicle  

New Delhi: India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. “India’s export performance in several key product categories has shown notable success, with the country maintaining or improving its rank among the top 10 global suppliers, all with export values exceeding $1 billion in 2023,” the ministry said. “The petroleum sector …

India-UK trade talks to focus on key tariff barriers and emerging sectors
1 month ago

India-UK trade talks to focus on key tariff barriers and emerging sectors

Live Mint  

The India-UK free trade agreement talks that are set to resume in early 2025 will focus on a range of critical areas including market access, regulatory frameworks, and tariff barriers. A successful FTA would facilitate increased trade across sectors like technology, agriculture, and manufacturing, while also deepening diplomatic ties, said Abhash Kumar, assistant professor of economics at Delhi University. India …

India-UK FTA talks: Both sides seek to bridge gaps to close deal expeditiously
1 month ago

India-UK FTA talks: Both sides seek to bridge gaps to close deal expeditiously

Live Mint  

New Delhi, Nov 20 India and the UK would seek to bridge the differences for expeditious conclusion of the proposed free trade agreement as Britain has announced resuming the negotiations early next year, an official statement said on Wednesday. British Prime Minister Keir Starmer has announced that trade talks with India will relaunch in the new year, following his bilateral …

India, United Kingdom to resume FTA talks in 2025
1 month ago

India, United Kingdom to resume FTA talks in 2025

Hindustan Times  

India and the UK will resume talks on a trade deal early next year to address the remaining issues and finalise a balanced and forward-looking free trade agreement following a pause of several months due to elections in both countries. Modi also raised the issue of extraditing economic offenders wanted by India with Starmer, and announced that two new Indian …

UK's Starmer meets PM Narendra Modi, seeks India trade deal even Rishi Sunak couldn’t pull off
1 month ago

UK's Starmer meets PM Narendra Modi, seeks India trade deal even Rishi Sunak couldn’t pull off

Hindustan Times  

British Prime Minister Keir Starmer said on Monday that his government would restart the trade talks with India following a bilateral meeting with PM Narendra Modi at the G20 summit in Brazil. UK's Prime Minister Keir Starmer and India's Prime Minister Narendra Modi during a bilateral meeting on the sidelines of the G20 summit in Rio de Janeiro, Brazil Brazil, …

UK and India revive FTA talks after PMs Keir Starmer and Narendra Modi meet at G20 Summit in Rio, ‘step forward…’
1 month ago

UK and India revive FTA talks after PMs Keir Starmer and Narendra Modi meet at G20 Summit in Rio, ‘step forward…’

Live Mint  

UK Prime Minister Keir Starmer has announced that free trade agreement talks with India will restart from 2025, PTI reported. In an official statement from the UK PM's address 10, Downing Street, the country would seek a new strategic partnership with India, including a trade agreement and deep cooperation in areas such as security, education, technology and climate change, the …

UK to relaunch ‘vital’ trade talks with India in early 2025
1 month ago

UK to relaunch ‘vital’ trade talks with India in early 2025

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is set to relaunch trade talks with India at …

India third most improving market in business climate, says IU
1 month, 1 week ago

India third most improving market in business climate, says IU

Live Mint  

New Delhi: India is the third most improving country when it comes to the business environment, marked by strides in foreign direct investment policy, foreign trade, exchange controls and the tax regime, The Economist Intelligence Unit said in its 2024 rankings. The research and analysis division of the Economist Group said in its latest ranking of countries by their business …

UK businesses drive growth in India’s economy, contributing over ₹5 trillion in revenue
1 month, 1 week ago

UK businesses drive growth in India’s economy, contributing over ₹5 trillion in revenue

Live Mint  

New Delhi: British businesses continue to make a significant impact on India’s economic landscape, with 667 UK-owned companies generating ₹5 trillion in revenue and employing over 523,000 people, according to a report. Pallavi Bakhru, partner and head of the India-UK Corridor at Grant Thornton Bharat, emphasized the growth potential for UK companies in India, particularly with the India-UK Free Trade …

IMF Sees India's Economic Growth and Outlook as Stable
2 months ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

India's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

India, U.K. to hold next round of talks on proposed trade agreement in July
5 months, 2 weeks ago

India, U.K. to hold next round of talks on proposed trade agreement in July

The Hindu  

With the new government taking charge in Britain, senior officials of India and the U.K. will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official said. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in …

India, UK to resume negotiations on free trade agreement in next few weeks: Official
5 months, 2 weeks ago

India, UK to resume negotiations on free trade agreement in next few weeks: Official

India TV News  

New Delhi: With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official told news agency PTI. The Indian industry is demanding greater access for its skilled professionals from sectors …

New British PM likely to forge stronger ties with India
5 months, 2 weeks ago

New British PM likely to forge stronger ties with India

Hindustan Times  

With Britain’s voters handing a landslide victory to the Labour Party, the new government headed by Prime Minister Keir Starmer could be better placed to take forward a trade deal and forge stronger ties with India, despite irritants of the past. “Labour’s leadership made an effort to court India even before the elections was called by Sunak, sending key leaders …

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
6 months, 1 week ago

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's

India TV News  

Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. India to remain fastest growing economy: World Bank Earlier this week, a Work Bank report stated that India will remain the fastest-growing major economy recording a steady growth of …

India, U.K. reaffirm FTA commitment at Strategic Dialogue
7 months ago

India, U.K. reaffirm FTA commitment at Strategic Dialogue

The Hindu  

India and Britain have reaffirmed their commitment to conclude a mutually beneficial free trade agreement at the annual U.K.-India Strategic Dialogue in London, as the two sides reflected the "good progress" on the 2030 Roadmap since the last review. “The two reflected on good progress on the 2030 Roadmap since the last review, noting key areas where the UK and …

Goldman Sachs predicts this ‘favourable scenario’ for Indian economy by 2030
7 months, 3 weeks ago

Goldman Sachs predicts this ‘favourable scenario’ for Indian economy by 2030

Hindustan Times  

India's services exports are likely climb to $900 billion- about 12.4 percent of its GDP, by 2030- Goldman Sachs said in what it called a "favourable scenario" of the economy. "India has been gaining share in professional consulting globally, which is relatively less concentrated than other sectors, and India has scope of gaining further share with the rise of GCCs," …

Indian economy projected to grow 6.5% in 2024: UNCTAD
8 months ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year
8 months, 1 week ago

ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year

The Hindu  

India’s economy is expected to remain robust over the next two years even though headline growth in the country’s Gross Domestic Product is forecast to slow from 7.6% in 2023-24 to 7% this year before improving to 7.2% in 2025-26, the Asian Development Bank said. “In India, growth is forecast to remain strong as rising consumption complements continued investment growth,” …

India's exports register healthy growth to European, Latin American nations in 2023
8 months, 2 weeks ago

India's exports register healthy growth to European, Latin American nations in 2023

The Hindu  

Indian exporters made further inroads in European and Latin American nations in 2023, registering healthy growth in countries such as Romania, Montenegro, Austria, and Guatemala, an official said on Friday. India's merchandise export rose 2.1% to the European Union in 2023 despite headwinds being faced by large developed markets like the EU and the U.K. due to high cost of …

India to be fastest growing economy among G-20 nations in 2024
8 months, 3 weeks ago

India to be fastest growing economy among G-20 nations in 2024

Op India  

India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis …

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant
9 months, 2 weeks ago

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant

ABP News  

India is set to become the third-largest economy and stock market in the world in the next five years, G20 Sherpa and former NITI Aayog chairman Amitabh Kant said at the India Dialog conference, organised by the Stanford University US-Asia Technology Management Center, in partnership with the Institute for Competitiveness. Sharing his inputs on the country’s growth, Kant stated: “In …

Ideas of India 3.0: India, UK Can Secure A Mutually Beneficial Trade Deal, Says British Politician Suella Braverman
9 months, 4 weeks ago

Ideas of India 3.0: India, UK Can Secure A Mutually Beneficial Trade Deal, Says British Politician Suella Braverman

ABP News  

British politician and member of the Parliament, Suella Braverman, said on Saturday that India and the UK have an opportunity to collaborate and work together on the world stage. That is why the post-Brexit UK heralds a great opportunity for a UK-India trade deal, the works for both our nations to double the trade to potentially 86 billion pounds, doubling …

In a tough world, the beacon of U.K.-India strategic ties
10 months ago

In a tough world, the beacon of U.K.-India strategic ties

The Hindu  

Outward facing, mercantile and modern societies, our nations — the United Kingdom and India — have much in common. It is why, in December 2023, the United Kingdom, the United States and other partners joined in Operation Prosperity Guardian to defend and protect commercial shipping in the Red Sea and Gulf of Aden. The U.K. has supported Ukraine continuously and …

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant
10 months ago

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

Business Standard  

"Our aim will be to become the cheapest producer, the cheapest exporter of green hydrogen and its liquid form ammonia and to be the biggest manufacturer of electrolyzer," he said | Photo: Bloomberg India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a $35 trillion economy by 2047, the country's …

Indian official delegation heads for London for FTA talks
10 months ago

Indian official delegation heads for London for FTA talks

Hindustan Times  

The chief negotiators of both the countries would hold negotiations on different issues such as goods, services, and rules of origin. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty. On the other hand, the UK is seeking …

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin
10 months, 3 weeks ago

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin

Live Mint  

Even as the finance ministry expects FY24 economic growth to exceed the central bank’s projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation. The ministry’s latest monthly economic review also said that under reasonable assumptions, India can …

Riding high on the growth momentum
11 months, 1 week ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

Focus on India's Strengths for Faster Growth: Rajan
1 year ago

Focus on India's Strengths for Faster Growth: Rajan

Deccan Chronicle  

In 2005, Dr Raghuram Rajan, then with the International Monetary Fund, drew disapproving looks from an audience of economists and bankers in Jackson Hole, Wyoming, in the US, when he said the roll-out of complicated instruments, such as credit-default swaps and mortgage-backed securities, made the global financial system a riskier place. Dr Rajan, Katherine Dusak Miller Distinguished Service Professor of …

India set to become third-large economy by 2030, says S&P
1 year ago

India set to become third-large economy by 2030, says S&P

India TV News  

American credit rating agency S&P Global Ratings on Tuesday said India would become the world's third-largest economy by 2030. The rating agency forecasted the nation's GDP growth would reach 7 per cent in 2026-27 fiscal year. S&P in its Global Credit Outlook 2024 highlighted a 6.4 per cent GDP growth in the fiscal year through March 2024 as compared to …

India will be third largest GDP by 2027, says Nirmala
1 year, 1 month ago

India will be third largest GDP by 2027, says Nirmala

Deccan Chronicle  

New Delhi: Terming the India-Middle East-Europe Connectivity Corridor as one of the most promising connectivity projects, Union finance minister Nirmala Sitharaman on Wednesday said that it would be a win-win situation for all stakeholders who are involved in bringing efficiency in transportation, reducing logistic costs, increasing economic unity, generating employment, and lowering greenhouse gas emissions. The country’s economic growth is …

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global
1 year, 1 month ago

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global

India TV News  

Indian economy: India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth …

‘Limited benefit for India in trade deal with UK’
1 year, 2 months ago

‘Limited benefit for India in trade deal with UK’

Live Mint  

The India-UK free trade agreement is expected to yield only limited benefits for India, as many of its exports to the UK already enjoy low or zero tariffs, a new research report has said. “While textiles, apparel, footwear, agricultural products and certain other items stand to benefit from tariff reductions, substantial growth in Indian exports to the UK will ultimately …

India-UK likely to sign FTA deal by October end: Report
1 year, 2 months ago

India-UK likely to sign FTA deal by October end: Report

Live Mint  

India and the United Kingdom are expected to sign a proposed free-trade agreement deal at the end of October 2023, according to a report published by Economic Times. British Prime Minister Rishi Sunak has earlier reiterated his commitment to closer India-UK ties across different sectors, including a FTA, between the two countries. A 30-member official delegation from the UK started …

‘Hope we can get it done’: Rishi Sunak on UK-India trade deal
1 year, 2 months ago

‘Hope we can get it done’: Rishi Sunak on UK-India trade deal

Live Mint  

British Prime Minister Rishi Sunak has reiterated his commitment to closer India-UK ties across different sectors, including a free trade agreement between the two countries. Addressing a reception by the diaspora group Conservative Friends of India on the sidelines of the ongoing Conservative Party conference in Manchester on Monday evening, the British Indian leader began by reflecting upon his “successful” …

Confident of striking a modern, forward-looking free trade agreement: British PM Rishi Sunak on trade ties with India
1 year, 3 months ago

Confident of striking a modern, forward-looking free trade agreement: British PM Rishi Sunak on trade ties with India

The Hindu  

British Prime Minister Rishi Sunak on September 6 said there was “still some way to go” for a free trade pact with India to be finalised, but appeared confident that the final outcome will be a "forward-looking" and "modern" deal that would benefit both sides and facilitate shared ambition of doubling trade by 2030. In an exclusive interview to PTI, …

G20 Presidency helping India deepen trade ties with member nations: Experts
1 year, 3 months ago

G20 Presidency helping India deepen trade ties with member nations: Experts

India TV News  

According to experts, G20 Presidency is helping India deepen trade ties with other member nations and provides an opportunity to attract investments from those countries in sectors like infrastructure. The largest trade block of G20, the EU, will set in motion the carbon border adjustment mechanism from October 1 this year, making exports expensive from countries like India. Mumbai-based exporter …

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’
1 year, 4 months ago

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’

News 18  

With Prime Minister Narendra Modi declaring that India is expected to be the world’s third largest economy in the next five years on the 77th Independence Day from the ramparts of the Red Fort on Tuesday morning, Sanjeev Sanyal, member of Economic Advisory Council to the Prime Minister, spoke exclusively to News18 in which he stressed that more economic reforms …

UK can be a crucial funnel for the capital India needs: Minister Dominic Johnson
1 year, 6 months ago

UK can be a crucial funnel for the capital India needs: Minister Dominic Johnson

Hindustan Times  

As negotiations continue to structure the India and UK free trade agreement, the technology sector will take a lead role for both countries in the coming years. The Indian economic landscape is “red hot”, which will help UK’s aspirations to develop London as the global tech capital, said Lord Dominic Johnson, UK’s minister of state in the department for business …

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
1 year, 6 months ago

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman

Live Mint  

India's gross domestic product has touched the $3.75 trillion-mark in 2023 so far from around $2 trillion in 2014, said finance minister Nirmala Sitharaman on June 12. Recent government data revealed that India's GDP grew by 6.1 per cent in the fourth quarter of fiscal year 2022-23 beating Street estimates. Recently, ratings agency Moody's estimated the Indian economy to clock …

India’s economy picks up speed amid global slowdown
1 year, 6 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

India is making its mark in the world
1 year, 6 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

India, UK still far apart on free trade deal: Report
1 year, 7 months ago

India, UK still far apart on free trade deal: Report

Live Mint  

India and Britain are struggling to make progress in free trade talks due to differences on some key tariff lines and investment protection rules, making a deal unlikely during Prime Minister Narendra Modi's second term ending next year, Indian sources said. Besides tariffs, Britain is also pushing India to agree on strong investment-protection provisions either as part of the deal …

India’s trade and economic ties with the EU are set to strengthen
1 year, 7 months ago

India’s trade and economic ties with the EU are set to strengthen

Live Mint  

India and the EU, as two large democratic areas, have a long history of shared values, political exchanges and common interests. The EU is India’s third largest trading partner, accounting for 10.8% of our total trade in goods. The EU is a key export market for us, and in many categories like agri-food products, India has a positive trade balance …

US Says Committed to Advancing Economic Growth with India
1 year, 8 months ago

US Says Committed to Advancing Economic Growth with India

News 18  

The Biden administration is committed to working together with India in groups like the Quad to advance economic growth and expand bilateral cooperation, the White House has said. “The United States and India have a strong bilateral relationship and that’s including trade as well, trade relationship,” White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on …

India-U.K. FTA talks progress encouraging, says British industry expert
1 year, 10 months ago

India-U.K. FTA talks progress encouraging, says British industry expert

The Hindu  

At the conclusion of the seventh round of India-U.K. free trade agreement negotiations and ahead of the eighth round scheduled in New Delhi next month, a senior industry expert in the U.K. believes there are encouraging signs of appetite on both sides to agree a deal and fully utilise its benefits. Ms. Cullasy-Aldridge highlighted a recent Cabinet mini-shuffle by British …

‘Sky is the limit’: UK PM Sunak hails Air India-Airbus-Rolls Royce deal
1 year, 10 months ago

‘Sky is the limit’: UK PM Sunak hails Air India-Airbus-Rolls Royce deal

Hindustan Times  

British Prime Minister Rishi Sunak on Tuesday hailed a multi-billion-pound deal by Airbus and Rolls-Royce to supply new aircraft to Air India as a landmark moment for the country’s aerospace sector and reiterated his commitment to continue building ties with India. “This landmark deal between Air India, Airbus and Rolls-Royce demonstrates that sky is the limit for the UK’s thriving …

Economy to grow at quick pace: Survey
1 year, 10 months ago

Economy to grow at quick pace: Survey

Deccan Chronicle  

New Delhi: Sensing the global slowdown that may hurt exports and other similar economic parameters, India on Tuesday expected that its economy will grow 6–6.8 per cent in the next financial year starting April 1, down from the 7 per cent projected for the current financial year and 8.7 per cent in 2021–22. As per the government’s annual Economic Survey, …

Turning tide: On India’s goods exports
1 year, 11 months ago

Turning tide: On India’s goods exports

The Hindu  

India’s goods exports rebounded from a nearly 17% dip in October to a mild 0.6% uptick in November. Their share in exports growth has been shrinking since June, with the contraction accelerating for many sectors from September to November — engineering goods that drove much of India’s record $422 billion goods exports in 2021-22, contracted 11.3% while textiles fell a …

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