Why India is warming up to a trade deal with UK
3 years, 4 months ago

Why India is warming up to a trade deal with UK

Live Mint  

More than a year after pulling out of the China-led regional comprehensive economic partnership, India has stepped up its efforts to negotiate free trade agreements with other major economies. Post Brexit, the UK is now positioned to strike a trade deal with India on its own rather than as part of a large trading bloc. Yet, it will take longer for India and EU to resolve outstanding issues than for India and UK to hammer out a trade deal. In May this year, India and the UK unveiled a 10-year roadmap which included an “enhanced trade partnership " agreement to reduce market barriers and a commitment to double bilateral trade by 2030. Overall, the trading patterns between the two countries show a high degree of complementarity, with India’s export basket having a high match with UK’s import basket, and vice-versa.

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History of this topic

New banking data reveals ’huge’ leap within India business corridor
1 week ago

New banking data reveals ’huge’ leap within India business corridor

Live Mint  

London, Dec 17 Business activity between the UK and India has flourished in 2024 as the value of payments received by clients in Britain from India rose by 121 per cent, according to the latest data released by HSBC UK. In the nine months to October 2024, the value of payments made by HSBC UK business clients to India reportedly …

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors
1 week, 4 days ago

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors

India TV News  

India has reached a historic milestone with foreign direct investment inflows surpassing USD 1 trillion since April 2000, according to the Department for Promotion of Industry and Internal Trade. Top FDI sources: Small nations lead the pack Mauritius and Singapore dominate Mauritius emerged as the largest contributor, accounting for 25 per cent of FDI inflows, closely followed by Singapore at …

India crosses $1 tn cumulative FDI milestone, inflows jump 26% in H1 FY25
1 week, 5 days ago

India crosses $1 tn cumulative FDI milestone, inflows jump 26% in H1 FY25

Live Mint  

New Delhi: India has crossed a milestone of $1 trillion in cumulative foreign direct investment inflows since April 2000, underscoring the nation’s growing appeal as a global investment hub. In the first half of the fiscal year 2024-25, FDI inflows surged by 26% to reach $42.1 billion, reflecting the impact of investor-friendly reforms and a dynamic business environment, the ministry …

India, EU aiming for a mutually beneficial FTA: Piyush Goyal
1 week, 5 days ago

India, EU aiming for a mutually beneficial FTA: Piyush Goyal

Live Mint  

India and the European Union are working towards a balanced, ambitious, comprehensive and mutually beneficial free trade agreement, said the ministry of commerce and industry in a statement on Thursday. The statement said that while discussing the pact with a European Commission delegation, commerce and industry minister Piyush Goyal emphasised the need for political direction to achieve a commercially meaningful …

India to work with rest of Brics countries to further ease trade
2 weeks ago

India to work with rest of Brics countries to further ease trade

Live Mint  

India's trade with BRICS countries may be poised for a take-off as officials work to extend customs-related privileges to trust ed merchants from these nations, which would also fetch similar benefits to Indian exporters to those markets, two persons familiar with the matter said. A second person said the road is clear for negotiating a similar deal with China, a …

The UK is open for business and India features high on its speed-dial
2 weeks, 2 days 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 …

FDI inflows to India surpass $1 trillion, with overseas investment likely to gain momentum in FY25
2 weeks, 2 days ago

FDI inflows to India surpass $1 trillion, with overseas investment likely to gain momentum in FY25

Live Mint  

New Delhi, Dec 8 Foreign direct investment inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to the Commerce and Industry Ministry, since 2014, India has attracted a cumulative FDI inflow of USD 667.4 billion, registering an increase of …

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 …

FTA, extraditions in focus as PM meets UK’s Starmer
1 month ago

FTA, extraditions in focus as PM meets UK’s Starmer

Hindustan Times  

Resumption of talks for a trade deal and the extradition of fugitive economic offenders figured prominently in talks between Prime Minister Narendra Modi and his British counterpart Keir Starmer on the margins of the G20 Summit in Rio de Janeiro on Monday. Modi also raised the issue of extraditing economic offenders wanted by India with Starmer, and announced that two …

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 imports more from China, exports less during Apr-Oct 2024: Govt data
Trending News
1 month, 1 week ago

India imports more from China, exports less during Apr-Oct 2024: Govt data

Firstpost  

During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed China was India’s top import source with $65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. …

How FDI flows into India lost momentum
Trending News
1 month, 1 week ago

How FDI flows into India lost momentum

Live Mint  

Foreign portfolio investors were net sellers of Indian equities for nearly all of October, offloading shares worth ₹1.1 trillion. Data from India’s central bank shows that between April and August, net foreign portfolio flows into India totalled $10.3 billion, a steep drop from $22.9 billion in the same period last year. Read this | Mint Explainer: Why India's net FDI …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

Roll out a red carpet for Chinese investment—but cautiously
4 months, 2 weeks ago

Roll out a red carpet for Chinese investment—but cautiously

Live Mint  

In 2021-22, India received its highest foreign direct investment inflow of $84 billion. Globally, one of the biggest FDI sources is China, which last year alone poured $148 billion into other economies, the world’s third highest, at a time when global aggregate FDI flows were falling. Of the cumulative FDI received since 2000, India approved only $2.5 billion from China, …

India-UK ties: Dump the old baggage and focus on trade and multilateralism
5 months, 2 weeks ago

India-UK ties: Dump the old baggage and focus on trade and multilateralism

Live Mint  

Keir Starmer finally has the mandate and credentials to shake off the historical burden which has dogged ties between India and Britain’s Labour Party since the 1930s, a long arc that began with the jaundiced view taken of Mahatma Gandhi by Ramsay MacDonald, Labour’s first elected prime minister, and terminated in former Labour leader Jeremy Corbyn’s apparent positions on Indian …

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 …

FDI inflows into India down to $28 billion in 2023: UN
6 months ago

FDI inflows into India down to $28 billion in 2023: UN

Deccan Chronicle  

Chennai: The FDI inflows into India saw a 43 per cent decline in 2023 at $28 billion, while the global foreign direct investments dropped 2 per cent to $1.3 trillion, as per the data of UNCTAD. FDI outflows from India also saw a dip of 8.7 per cent to $13,341 million against $14,618 million in 2022. At $621 billion, they …

India receives highest FDI from Singapore in 2023-24; Mauritius second biggest investor: Government data
6 months, 3 weeks ago

India receives highest FDI from Singapore in 2023-24; Mauritius second biggest investor: Government data

The Hindu  

India received the highest foreign direct investment from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5% due to global economic uncertainties, according to the latest government data. Though FDI from Singapore has dipped by 31.55% to $11.77 billion in 2023-24, India has attracted the maximum inflows from that country, the data showed. "Recently, …

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 …

India, UK note 'good progress' on 2030 Roadmap, reaffirm FTA commitment
7 months ago

India, UK note 'good progress' on 2030 Roadmap, reaffirm FTA commitment

India TV News  

London: Foreign Secretary Vinay Kwatra, who was on an official two-day to the United Kingdom, took part in the annual India-UK Strategic Dialogue with his counterpart, Sir Philip Barton, Permanent Under-Secretary at the Foreign, Commonwealth and Development Office, where they discussed the "good progress" made in the 2030 Roadmap between the two countries. “The two reflected on good progress on …

Mobility issues, carbon tax exemption, and visas key issues in trade talks between India and the UK
8 months ago

Mobility issues, carbon tax exemption, and visas key issues in trade talks between India and the UK

Live Mint  

The UK is unlikely to accept an Indian request to be exempted from a proposed carbon tax, a British daily reported, even as a four-member team of senior commerce ministry officials from New Delhi continued talks in London to try and iron out unresolved issues holding back a free trade agreement. The team, which left for the UK on 16 …

Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast
8 months, 3 weeks ago

Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast

The Hindu  

On March 10th, India signed a free trade agreement with a group of four European nations, committing to reduce tariffs. The balance of trade heavily favours the EFTA, with India importing about $22 billion in 2023 from the bloc, while India exported only about $3 billion to the bloc. But such free trade deals have not largely helped India’s export …

Drop in FDI inflows mirrors global trend: Finmin
8 months, 3 weeks ago

Drop in FDI inflows mirrors global trend: Finmin

The Hindu  

The decline in India’s net foreign direct investment inflows, which have dropped almost 31% to $25.5 billion over the first ten months of 2023-24, is in line with the slowdown in such investments to developing countries, the Finance Ministry has said, while holding out hope for an uptick in investments this year. While overall global FDI flows rose 3% to …

High on intent and investment
9 months, 1 week ago

High on intent and investment

Hindustan Times  

India’s trade agreement with the European Free Trade Association — comprising Iceland, Liechtenstein, Norway and Switzerland — may not reflect the country’s true level of ambition on trade deals, but it has considerable signalling value. For starters, the trade deal ties non-sovereign fund investment of $100 billion by the EFTA nations to tariff concessions being granted to a chunk of …

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA
9 months, 2 weeks ago

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA

ABP News  

India and four-nation European bloc EFTA will sign a free trade agreement on Sunday, which is likely to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals, an official said. Commenting on the pact, economic think tank Global Trade Research Initiative said that since 98 per cent of India's exports …

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

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 …

14th round of India-UK FTA dialogues to start in January
1 year ago

14th round of India-UK FTA dialogues to start in January

Live Mint  

The fourteenth round of free trade agreement negotiations between India and the UK will start in January 2024, the ministry of commerce and industry said in an official statement on Monday. According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. India’s demand for visas for professionals …

Consistent Decline in FDI Worrying, Deeper Assessment of India’s Prospects Needed - News18
1 year ago

Consistent Decline in FDI Worrying, Deeper Assessment of India’s Prospects Needed - News18

News 18  

India’s GDP grew by 7.6 per cent in the second quarter of the year, a positive sign of economic growth. Even the overall FDI inflows in 2022-23 witnessed a 16 per cent decline, standing at $71.3 billion from $84.8 billion in 2021-22. During January-September of this year, FDI in Vietnam increased by approximately 8 per cent compared to the same …

'Hope to find 'landing point' that works for both sides': Jaishankar on India-UK FTA
1 year, 1 month ago

'Hope to find 'landing point' that works for both sides': Jaishankar on India-UK FTA

Firstpost  

“…We are focusing on what is officially called an Enhanced Trade Partnership, in common terms it’s called an FTA… And that is today very much the focus of what the Indian and British systems are negotiating, and we hope we will find a landing point that works for both of us,” said Jaishankar The free trade agreement is a major …

India-UK FTA: Jaishankar hopes both sides will find a workable ’landing point’
1 year, 1 month ago

India-UK FTA: Jaishankar hopes both sides will find a workable ’landing point’

Live Mint  

External Affairs Minister S Jaishankar, who is on a five-day official visit to the United Kingdom to give “new impetus to the friendly ties”, Monday said India and Britain are currently focusing on a free trade agreement and hoped that both the countries would find a "landing point" workable for both of them. The Indian foreign minister said the Agenda …

‘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 trade Pact Talks At Advanced Stage, Ironing Out Differences: Govt
1 year, 2 months ago

India-UK trade Pact Talks At Advanced Stage, Ironing Out Differences: Govt

ABP News  

The negotiations for the proposed free trade agreement between India and the UK are at an advanced stage, and both sides are working to iron out differences on the remaining issues, a top government official said on Friday. India and Britain launched the talks for the free-trade agreement in January 2022 with an aim to conclude talks by Diwali, but …

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” …

'I hope we can...' British PM Rishi Sunak reiterates commitment to India-UK free trade deal
1 year, 2 months ago

'I hope we can...' British PM Rishi Sunak reiterates commitment to India-UK free trade deal

India TV News  

British Prime Minister Rishi Sunak on Monday expressed his commitment to closer India-UK relations across various sectors, including the much-talked-about free trade deal between the two countries. "At the G20, we really saw a glimpse of what the future of that relationship can be, with closer cooperation on absolutely everything from trade to defence, innovation, security, research, and I hope… …

India’s FTA negotiations with UK may hit a roadblock
1 year, 2 months ago

India’s FTA negotiations with UK may hit a roadblock

Hindustan Times  

New Delhi India’s negotiations with the UK for a trade deal could hit a roadblock as Indian industries are unwilling to offer import duty concessions to British manufacturers without London allowing easier mobility for Indian professionals, people with direct knowledge of the talks said on Monday. If business mobility – or easier temporary movement of Indian professionals to the UK …

India, Britain Close to Sealing Free Trade Deal
1 year, 3 months ago

India, Britain Close to Sealing Free Trade Deal

Deccan Chronicle  

NEW DELHI: A Free Trade Agreement between India and the United Kingdom is on the verge of being finalised, with India expressing optimism about ongoing negotiations to resolve differences concerning the proposed FTA. Earlier in the day, the India-UK Economic Financial Dialogue took place in New Delhi, addressing a range of issues encompassing macroeconomics, financial services, trade, infrastructure, investments, and …

India, UK agree to expedite long-delayed Free Trade Agreement
1 year, 3 months ago

India, UK agree to expedite long-delayed Free Trade Agreement

Firstpost  

At a joint press conference with UK Chancellor of Exchequer Jeremy Hunt, Finance Minister Nirmala Sitharaman said both countries intend to expedite the free trade agreement India and the United Kingdom on Monday expressed their commitment to an early conclusion of the long-delayed free trade agreement between the two countries. Addressing a joint press conference with UK Chancellor of Exchequer …

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, …

India-UK trade deal: Cheaper scotch whisky and cars on the cards, know reasons for delay in pact
1 year, 4 months ago

India-UK trade deal: Cheaper scotch whisky and cars on the cards, know reasons for delay in pact

India TV News  

India and the United Kingdom could finalise the much-awaited deal on trade, dubbed as a free trade agreement later this month. Although there was no official confirmation about whether the deal would be signed by this month, the New Indian Express quoting sources claimed officials of both nations are "hopeful" to pinnacle of the negotiations. According to reports, the deal …

India, U.K. close to concluding FTA talks, working to iron out issues on IPRs, rules of origin
1 year, 4 months ago

India, U.K. close to concluding FTA talks, working to iron out issues on IPRs, rules of origin

The Hindu  

India and the U.K. are "very close" to concluding negotiations for a proposed free trade agreement as both sides are working to iron out differences on issues including investment treaty, intellectual property rights and rules of origin, a senior government official said on July 28. "Remaining issues include IPRs, rules of origin and investment treaty," the official added. "The U.K. …

India-U.K. FTA: Half the chapters in pact agreed on; working to complete deal early, says U.K. International Trade Minister
1 year, 5 months ago

India-U.K. FTA: Half the chapters in pact agreed on; working to complete deal early, says U.K. International Trade Minister

The Hindu  

The United Kingdom is keen that free trade pact being negotiated with India is completed at the earliest as it re-focuses its attention of the growing markets of the Indo-Pacific, however the financial powerhouse is not setting any deadlines for the agreements which will include deals on service sector and investments. U.K,’s Minister for International Trade, Mr. Nigel Huddleston, in …

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 …

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