The UK and India, much like the rest of the world, are currently striving to adapt and respond to the biggest disruptor in our time, the pandemic COVID-19. The second quarter of 2020 experienced unforeseen contractions in both economies with India at -23.9% and the UK at -20.4%.
Despite this significant economic impact, the central and state governments have pressed ahead with their resolve to improve the ease of doing business. There have been significant progress on last year’s CBI-EY Sterling access recommendations.
The CBI-EY Sterling access 2020 review has revisited the CBI’s seven key recommendations and tracks progress on market access barriers affecting UK companies.
How progress was tracked
The CBI, in partnership with EY, interacted with key government officials in select Indian states where UK companies are located. This was done with support from the British Deputy High Commissions in virtual roundtable discussions and one-to-one interviews with CBI members.
These states include: