Business · Trade · 3 hrs ago
India and UK urged to expand trade, with goal of doubling it by 2030
India’s Commerce and Industry Minister Piyush Goyal says British businesses have room to increase exports to India.
He named pharmaceuticals, petroleum products, electronics, cars and Scotch whisky as areas with potential.
Goyal spoke at an India-UK business meeting in New Delhi.
The two countries aim to double bilateral trade by 2030, a target he said should lead to wider economic cooperation.
Their trade agreement gives most Indian exports zero-duty access to the UK and opens opportunities for British exporters and service providers.
Goyal also pointed to possible cooperation in infrastructure, clean energy and technology, drawing on strengths he said the countries share in complementary ways.
He said governments could strengthen frameworks and mutual recognition arrangements to support investment, but gave no specific next steps or timeline for doing so.
India and the United Kingdom should expand economic cooperation, Commerce Minister Piyush Goyal said at a business meeting.
The countries share an ambition to double bilateral trade by 2030.
Goyal said British exports to India could grow in sectors including pharmaceuticals, petroleum products, electronics, automobiles and Scotch whisky.
He said the India-UK trade agreement gives most Indian exports zero-duty access to the UK market.
He also highlighted opportunities for cooperation in infrastructure, clean energy, technology and services.
- Who
- India and the United Kingdom. India’s Commerce and Industry Minister Piyush Goyal spoke at the meeting.
- What
- Goyal urged stronger economic partnerships and said the countries aim to double bilateral trade by 2030.
- When
- Monday, October 12, 2026.
- Where
- At the India-UK JETCO Business Plenary in New Delhi.
- Why
- Goyal said closer cooperation could unlock growth opportunities and make use of the countries’ complementary economies.
This story does not have two clearly opposing sides.
Our shared ambition is to double bilateral trade by 2030. That's barely four and a half years away
Huge potential to supply the subsidiary products from the petroleum value chain, important technology products from electronics and electrical equipment, and several medicaments.
I think infrastructure and clean energy cooperation. project development, renewable energy, transmission lines, financing of utilities can really power sustainable growth in both our countries.
This story does not have a timeline yet.
- Trade ambition
- Double bilateral trade by 2030
- Meeting
- India-UK JETCO Business Plenary
- Trade agreement
- India-UK Comprehensive Economic and Trade Agreement (CETA)
- Potential UK exports
- Pharmaceuticals, petroleum products, electronics, automobiles and Scotch whisky
- Cooperation areas
- Infrastructure, clean energy, technology and services
Sources
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