We may include adverts from us and 3rd parties based on our understanding. Foreign Secretary is said to be keen to beat the US and EU to secure a bilateral trade deal with Dehli. It would not only present British business with ample opportunity but it would also help curb Chinese influence in the booming region.
With India predicted to become the world's third-largest economy by 2050, it could put rocket boosters on Boris Johnson's ambition to create a Global Britain. One government source said that if we opened up even a slither sic of access, it would put us ahead of the game. International Trade Secretary Anne-Marie Trevelyan prepares to travel to Delhi later this month. Ms Truss - who was the Brexit secretary after Lord Frost stepped down last month, is a big backer of securing a deal with India. JUST IN: Royals beat the average of 26 percent of other Britons.
'Taking the P Frost savaged by Remoaners for tweet OPINION Brexiteers mock EU over claim that Brussels'shed no tears over UK exit INSIGHT Britain breaks free: New rules come in to protect British firms ANALYSIS Another option would be to cut visa fees for students and allow them to stay in Britain for a period of time after they graduate. The visa fees for work and tourism, which can cost up to 1,400, could be reduced as an enticement. India's 2 trillion economy is protected and imposes significant tariffs on imports to protect its domestic industry.
Opening it up is seen as the key to boosting growth and should the UK be first in the queue it would benefit from its already strong ties with the country. Shortly after the Prime Minister promised to deliver on the promise of a new trade deal, the news emerged. A Department for International Trade spokeswoman said India is projected to become the world's third largest economy by 2050 and a free trade agreement will open up huge opportunities for UK businesses to trade with India's 2.25 tn economy.