According to S&P Global Market Intelligence, a financial information and analytics firm, the impacts the election could pose include the UK's trade agreements, willingness to use import duties, industrial support, investment in infrastructure, and support for unionization.
Union Minister Piyush Goyal has said that India is actively working on the process of free Trade Agreements (FTAs) with many countries and expressed confidence of fast progress with the United Kingdom, irrespective of the result of the British elections
German businesses see India as a very "stable place" to invest following the Lok Sabha election, said the country's Ambassador Philipp Ackermann on Friday, while anticipating increased German investment in India after the India-EU Free Trade Agreement resolves tax and tariff "impediments".
The Labour leader also criticised the Conservative government, which is in power in UK since 2010, has "overpromised" and "underdelivered" in relation with India.
Prime Minister Narendra Modi and his British counterpart Rishi Sunak, on the sidelines of the G7 Summit, expressed satisfaction with the progress made in the Free Trade Agreement (FTA) negotiations between the two countries.
The long-awaited trade deal between India and Britain is likely to be signed after the completion of elections in the United Kingdom as the officials of India and the United Kingdom met virtually on May 7 last month.
"Good to speak to Narendra Modi to take stock following the Indian elections. We agreed to continue discussions on strengthening our bilateral relations, including the FTA. And we looked forward to the forthcoming @G7 summit where we will discuss our joint work on global issues," Ursula v
Denying reports of offering any Free Trade Agreement (FTA) proposals to Maldives, the Ministry of External Affairs on Thursday said that if Maldives is considering FTA with India, it will surely be looked into.
Led by Commerce Secretary, Sunil Barthwal, the Chintan Shivir aimed to formulate a strategic roadmap for India's FTA negotiations while fostering discussions on SOPs, capacity building, and contemporary trade issues.
The commerce ministry has organised a two-day "Chintan Shivir" for formulating strategies and standard operating procedures for free trade agreements. The Shivir organised on May 16-17, was attended by senior government officials of different departments, former government secretaries, and t