Huge opportunity for business in India's fintech space, says UKIBC

Negotiations for a trade deal between both nations started in January this year, and the deal is expected to be signed by Diwali

The UK India Business Council sees opportunities for trade, investment, and collaboration with India across financial technology (fintech), food and beverage, electric vehicle (EV), and other sectors.

A report published by the industry lobby group, in partnership with UK’s international trade department titled Opportunities for UK Regions in India: An Analysis of Key Sectors for Collaboration, said both nations share great synergies — both in shared areas of strength such as the digital sector, and in areas of complementarity.

“For example, the UK is a world leader in advanced manufacturing and engineering technology, while India is home to an abundant,