Ease of Doing Business: An analysis of the UK India Economic Relationship

Lakshmi Kaul – Head And Representative – UK At Confederation Of Indian Industry
 
It is during crisis, one is able to recognise their true allies. United Kingdom has found a true friend in India as the pandemic crisis posed layers of economic challenges; the most urgent being the capacity to provide basic healthcare. When India approved the export of 2,800,000 packets of paracetamol to UK, Rt Hon Liz Truss, the International Trade Secretary said “it’s imperative that we work together to continue global trade and keep supply chains open.”
India offered yet another reassurance when the UK government figures showed how India is the second largest foreign direct investment (FDI) source to UK, adding jobs and revenue to the local economy.
In a rapidly changing global trade landscape, robustness of supply chains has become top priority for each country and many have turned to India, including the UK.
Addressing Indian industry leaders at CII’s 125th Annual Meeting, the Hon’ble Prime Min...