Why is an FTA with India important for the UK economy?
India is one of the world’s largest and fastest growing economies, set to become the world’s third biggest economy by 2050. With a population of 1.38bn and a growing middle class, a trade deal would allow UK businesses access to a huge consumer base and has the potential to almost double UK exports to India. This would boost the UK’s total trade by as much as £28 billion a year by 2035 and increase wages acro