Based on the announcements made, Britain and India have agreed to strengthen economic ties, including financial services and coronavirus research.
According to British finance minister Rishi Sunak, they have set a mission to forge stronger ties, with agreements that will increase investment, and create and secure jobs in the UK.
In addition, it was also encouraged by the UK looking for new trade opportunities after Brexit.
In addition, the new agreement covers opening up infrastructure opportunities in India to commercial expertise and financing in the UK.
In addition, the two countries will also work to overcome legal barriers and market access for UK and Indian firms, while ties with fintech finance will be strengthened.
Meanwhile, there are also research collaborations worth up to £ 8 million to understand the impact of Covid-19 on South Asian populations in the UK and India. The economic and financial relations between the two countries are important driven by the global challenges they face.
For all you know, since the first British EFD with India in 2007, bilateral trade doubled to almost 24 billion pounds in 2019. India’s investment in the UK is focused on technology, pharmaceuticals and manufacturing, including the production of Jaguar Land Rover vehicles.
