India Inc India Inc: Monday, 27 March 2017 14:18

India is the most open, Least protectionist economy today

India’s Minister for Finance and Corporate Affairs, Arun Jaitley, just completed a packed tour of the UK during which Prime Minister Theresa May dropped in to a Downing Street meeting with his British counterpart, Chancellor Philip Hammond. ‘India Investment Journal’ caught up with the senior Indian Cabinet minister in London to explore his message for foreign investors, a possible free trade agreement (FTA) with post-Brexit Britain and the next phase of his dramatic reform agenda for the Indian economy.

Is post-Brexit UK a more, or less, attractive trading partner?

There is a considerable amount of interest in India, particularly after Brexit. Correspondingly my discussions in the past have also indicated that both investors and the government here [Britain] are looking for expanding opportunities of trade with India.

In our discussions with the government of Britain, what we have understood is that they are keen to send a message that there will be no move towards any form of protectionism.

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