UK-India relations might get a boost after Brexit
After its exit from the European Union, Britain is likely to focus on its direct bilateral trade agreements with India, which means that the sluggish UK-India trade ties can get a real boost in the coming future.
"Post exit EU, the UK is likely to explore direct bilateral trade agreements with other trading partners including India," said Development Bank of Singapore (DBS).
"This might provide an alternate route to India, in comparison to the tough and the drawn-out negotiations on the EU Free Trade Agreement, in turn providing a fillip to a slowing India-UK trade," said DBS.
United Kingdom accounts for 15% of India's total merchandise trade, however, the recent years have seen this share declining.