fredag 10. oktober 2025

India: Modi and Starmer hail trade deal during Mumbai visit

Indian Prime Minister Narendra Modi welcomed UK Prime Minister Keir Starmer in Mumbai on Thursday, as the two leaders hailed a new trade deal that they said could transform bilateral economic relations. Starmer visited India's financial capital for two days, joined by some 125 leaders from Britain's business, culture and university sectors.

The welcoming by Modi comes as the Indian government increases efforts to attract global investmentfor the nation's rapidly growing economy. India became the world's fifth-largest economy in 2022, according to IMF figures, and it is predicted to overtake Japan as the fourth largest later this year.

The UK is the sixth largest economy. "This relationship matters more than ever," Starmer told reporters at a press conference. "We're opening up new opportunities in India for British businesses, opportunities that other countries simply do not have. It has given us a unique edge."