According to a new report, a post-Brexit trade deal with India will add £2 billion to the UK economy.
The report, entitled ‘Brexit: Opportunities for India’, claims that the two countries can secure a broad deal that would see a 33% increase in exports to India, taking the value of trade to an astonishing £6.3 billion.
Currently, the UK faces significant tariffs on trade with India because of EU protectionism.
The report’s author, Rashmi Banga, said: “This proposed India–UK FTA may be easier to negotiate than the India-EU FTA, as some of the sticking points in an India-EU FTA may be easier to resolve.”
This is exactly the optimism the country needs as we leave the crumbling EU and re-engage with the rest of the world!