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Subject
Outlook for a possible free trade deal between India and the United Kingdom post-Brexit.
Significance
UK business minister Sajid Javid's first overseas visit following the UK decision to leave the EU ('Brexit') was to India on July 8. Both countries have long eyed closer economic ties, and Brexit will likely provide a catalyst.
Impacts
Prospects for growth are strongest in areas including IT, financial services, pharmaceuticals, textiles and light engineering.
The United Kingdom could support India in future international trade negotiations.
In time, the India-UK relationship may become diplomatically stronger than the India-US relationship.
Keywords:
India,
United Kingdom,
AP,
ASEAN,
China,
EU,
France,
Mauritius,
Pakistan,
Singapore,
United States,
INDIA/UK,
economy,
automobile,
banking,
capital flows,
corporate,
deregulation,
equities,
finance,
foreign investment,
foreign trade,
government,
growth,
infrastructure,
insurance,
labour,
metals,
pharmaceutical,
policy,
private sector,
services,
talks,
technology,
telecommunications,
textiles,
transport,
water,
industry,
international relations,
politics
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
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