Skip to content
Premium Symbol Premium

How India-UK tech trade ties can boost post-Brexit growth

India UK tech
Image credit: Sumit Saraswat / Shutterstock

Exports from the UK to the EU are down 16% on pre-Brexit projections, underscoring the need for Britain to broaden its trading horizons.

With last month’s appointment of Rishi Sunak as the UK’s first British Indian prime minister, negotiations for a free trade agreement (FTA) with India have been brought sharply into focus.

Despite delays – the original plan was for a deal by Diwali – negotiations are said to be making good progress. Talks in India will resume in December, with British officials aiming to reach an agreement before April. Official government figures predict an FTA with India could be worth up to £3.3bn to UK GDP by 2035.

It’s undeniable that India has taken its seat at the international table of major economic players. With 6% economic growth forecast for 2022, India has overtaken the UK as the fifth-largest global economy....

Topics