India’s recently signed trade pact with the UK and efforts to boost bilateral trade and investments have become a key priority for the two countries in the backdrop of global economic developments — most importantly, the high tariffs imposed by the US.

While the UK had already been looking forward to the trade pact, which is its first such initiative since breaking away from the European Union, India has been seeking to diversify its export markets after facing 50% tariffs on its goods by the US. Advertisement

Not surprisingly then, the India-UK Joint Statement issued during the two-day visit of UK Prime Minister Keir Starmer to Mumbai focused on growth in investment and trade between the two countries. Prime Minister Narendra Modi and UK Prime Minister Starmer held restricted as well a

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