Joint Statement on the 1st India-UK Financial Markets Dialogue
India and the UK held the inaugural meeting of the India-UK Financial Markets Dialogue virtually. The Dialogue was established at the 10th Economic and Financial Dialogue (EFD) in October 2020 to deepen bilateral ties in the financial sector.
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Financial Cooperation is one of the key pillars of the 2030 Roadmap adopted by the two countries during the recent meeting of the two Prime Ministers and the India-UK Financial Market Dialogue is one of the key elements of this Financial Cooperation.
As two services driven economies, both sides agreed there is significant scope for strengthened financial services cooperation between India and the UK.
The Dialogue began with a government to government discussion, focused on four themes:
- GIFT (Gujarat International Finance Tec-City) City, India’s flagship international financial centre
- Banking and payments
- Insurance
- Capital markets