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Hope floats for stalled India-UK trade deal


Choosing Sunak as Prime Minister would give a much-needed boost to UK-India relations and could avert the stalled bilateral trade deal that Diwali has signed. Sunak has told TOI he is “strongly committed” to the UK-India FTA to create jobs in both countries and for India to liberalize its consumer financial services industry.
UK-India trade deal stalled Liz Truss after the interior secretary’s disparaging remarks afterwards Suella Braverman relating to migration from India to Great Britain. But Anglo-Indian relations could skyrocket under Sunak. It doesn’t take long to PM Narendra Modi to tweet: “Warmest congratulations @RishiSunak! As you become Prime Minister of the UK I look forward to working closely together on global issues and realizing the 2030 Roadmap. Diwali in particular looks forward to working together on global issues wanted the ‘living bridge’ of the UK’s Indians, as we transformed our historic relationship into a modern partnership.”
Sunak previously told TOI in an exclusive interview that he is “strongly committed” to the UK-India FTA and that the City of London can help facilitate India’s development. India by helping fund them and Britain can also facilitate climate finance to finance India’s Zero Ambition. He also told TOI that he is eager for the FTA to create jobs in both countries and for India to liberalize its consumer financial services industry.
“There is a rapidly growing consumer financial services industry in India, for example in the insurance sector and where India is opening up, financial services companies like HSBC and other, being able to offer products or services to Indian consumers, usually in partnership with Indians and that’s good, because it opens up choices for Indian citizens,” he said. .
Earlier this year, he also said how he re-imagines the UK-India relationship as an “equal partnership”, where the brightest talents from both countries travel to study and work. work, including a close trade partnership in goods and services, and where the UK and India freely exchange world-class ideas and innovation.
In a speech at India Global Forum He said: “The UK has no natural right to sit at the table with one of the largest, fastest growing and most dynamic economies in the world earlier this year. We have to earn that. Right now , there’s like 900 million Indians under the age of 35. They’re smart. They’re getting better and better. They’re ambitious. And when they see the world, we can’t doubt that they will. to Great Britain.”

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