India-UK trade likely to double by 2030: Grant Thornton-CII report

The UK is likely to look at reducing tariffs on products such as apples, UK-manufactured medical devices and machinery

Trade between India and the UK is expected to double by 2030 driven by the proposed free trade pact, investment in technology, diversification of global supply chains and ease of doing business, a Grant Thornton-CII’s Britain Meets India (BMI) Report 2022 said on Thursday.

The future of the India-UK economic relationship hinges on the quick implementation of the free trade agreement that both nations are negotiating at the moment, according to. According to the report, 618 UK companies have been identified in India that together employ approximately 4.66 lakh people and have a combined turnover of Rs 3,634.9 billion.

As many as