The latest trade figures show the UK-India relationship growing from strength to strength. Sakshi Jain from the CBI's India office highlights the opportunities for British business.
While the UK’s trading relationship with the EU has been uncertain since the Brexit vote in 2016, UK-India ties have been deepening across sectors. In 2017, India was the UK’s eighth largest bilateral trade partner outside of the EU countries. Growing by almost 14% in 2018, the partnership is now valued at £20.5bn.
The demand for British goods in the Indian market has recorded nine consecutive quarters of growth since October 2016. In 2018, UK exports to India grew by 19.3% to £7.9bn, making India the UK’s 12th largest export destination outside of the EU. It seems Brexit has not dented the increasing demand for British products and services.
The relationship works both ways. India, the fastest growing economy in the world, is also the UK’s fifth largest non-EU source of imports. These grew by 10.3% in 2018 to reach £12.5bn, and include goods such as clothing, precious stones, metals and mi
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