As a business active in the UK-India Living Bridge, you are invited by Moore Kingston Smith and the Confederation of Indian Industry to take part in a quick survey on the current strengths, opportunities and challenges within this market. Our India Group monitors how trends are evolving and would like to produce a snapshot on current confidence levels. We will share the outcomes with all participants in our next India-UK investment report.
The UK and India are the 5th and 6th largest economies respectively and have a very strong business relationship, with India being the second biggest investor in the UK and the UK being the sixth largest in India. In April this year, the two countries announced a new £1 billion enhanced trade partnership as a hopeful precursor to a free trade agreement and a catalyst for increased trade.
As highlighted in our last investment report, Indian corporates see the UK as a natural destination due to the ease of doing business there regarding language, legal framework and scope for fast growth. Likewise, the UK sees India as a close partner and, as part of a post-Brexit world, a clear strategic market to grow relations with.