India, UK to boost ties in financial services, FinTech, digital economy

India and the UK have reaffirmed their commitment to continue collaboration in the financial services sector, FinTech and the digital economy. India and the UK held the 13th Economic and Financial Dialogue in London. The Indian delegation, led by Finance Minister Nirmala Sitharaman, held high-level discussions with the UK delegation led by the Chancellor of the Exchequer, Rachel Reeves. On enhancing economic growth, both sides stressed furthering the bilateral relations between the two nations, including continuing negotiations at pace towards a mutually beneficial free trade agreement and bilateral investment treaty. Both sides also agreed that a strong and robust UK-India relationship enhances the resilience of both economies, including through trade, supply chain resilience and collaboration on global challenges. The Chancellor met with Indian Minister of Finance Ms Sitharaman on Wednesday,to secure £400m in export and investment deals with India. Boosting economic ties between our two countries, backing British businesses and delivering growth & security for working people across the UK.

The Chancellor met with Indian Minister of Finance @nsitharaman today, to secure £400m in export and investment deals with India.

Boosting economic ties between our two countries, backing British businesses and delivering growth & security for working people across the UK. pic.twitter.com/w4Cw2Dr52c

— HM Treasury (@hmtreasury) April 9, 2025

Ms Sitharaman later,met with J Reynolds,Secretary of State for Business and Trade for the United Kingdom in London. Both Ministers acknowledged the historical, social, cultural and economic ties between India and UK and exchanged thoughts on the current global and geopolitical situation.Both sides agreed to leverage the existing economic relationship through collaboration and cooperation as a shared priority. Both Ministers also exchanged updates on the ongoing deliberations related to the bilateral trade and investment agreements and expected timely and mutually beneficial outcome from the negotiations.