IDEAS home Printed from https://ideas.repec.org/p/ift/wpaper/2473.html
   My bibliography  Save this paper

India– UK Bilateral Trade An Assessment for Future Cooperation

Author

Listed:
  • Biswajit Nag

    (Indian Institute of Foreign Trade (IIFT), Delhi, India)

  • Amrita Saha

    (Institute of Development Studies, University of Sussex, UK)

  • Pooja Maurya

    (Indian Institute of Foreign Trade (IIFT), Delhi, India)

Abstract

India and the UK is currently engaged in a trade negotiation aiming to foster multidimensional partnership between them. In this backdrop the current study has made a brief assessment of trade and investment scenario. It uses both quantitative and qualitative tools to identify major products of interest, opportunities and challenges faced by businessmen both sides. Using standard quantitative tools, the paper looks into issues such as competitiveness, trade margins, products with high comparative advantage, complementarity and perception of quality of products exported. Further, discussion with companies, chambers and associations it identifies major bottlenecks for improving trade relations and new sectors with high opportunities. India enjoys a positive trade balance with the UK. It is one of the major sources of investment projects for the UK, while the UK is the sixth-largest investor in India. The economic relationship between India and the UK has strong potential for growth in both trade in goods and trade in services in future. Their partnership is poised to create shared prosperity and deliver leadership in global economic governance.

Suggested Citation

  • Biswajit Nag & Amrita Saha & Pooja Maurya, 2024. "India– UK Bilateral Trade An Assessment for Future Cooperation," Working Papers 2473, Indian Institute of Foreign Trade.
    • Handle: RePEc:ift:wpaper:2473
    as

    Download full text from publisher

    File URL: ftp://203.190.248.10/RePEc/ift/workingpapers/EC-24-73.pdf
    File Function: First version, November , 2024
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ift:wpaper:2473. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: S. Balasubramanian (email available below). General contact details of provider: https://edirc.repec.org/data/iifttin.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.