The 12th India-UK Economic and Financial Dialogue in New Delhi saw Smt. Nirmala Sitharaman, India’s Finance and Corporate Affairs Minister, leading the Indian delegation, while the UK was represented by Rt. Hon. Mr. Jeremy Hunt, MP, Chancellor of the Exchequer. Both nations reaffirmed their commitment to strengthening collaboration in financial services, focusing on financial inclusion and sustainable development. The dialogue highlighted India’s efforts to promote financial services and investments in GIFT IFSC, with the UK pledging support.
The discussions centered on knowledge exchange, cooperation, and support for infrastructure development, FinTech partnerships, and sustainable finance for long-term growth. Additionally, both countries addressed macroeconomic and multilateral issues. They announced the India-UK Infrastructure Finance Bridge, a joint initiative to support India’s National Infrastructure Pipeline.
The dialogue concluded with the adoption of a Joint Statement by the Union Finance Minister of India and the UK Chancellor of the Exchequer. Representatives from various Indian ministries and regulatory authorities, as well as their UK counterparts, participated in the meeting.
On the sidelines, ministers attended the India-UK Financial Partnership (IUKFP) meeting, co-chaired by Mr. Uday Kotak and Mr. Bill Winters. The meeting involved key business leaders from India and the UK, along with representatives from financial regulators, discussing policy papers and ideas for deeper financial cooperation between the two countries.