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Will UK Labour Party's victory pave the way for India-UK FTA?

19 Jul '24
18 min read
Will UK Labour Party's victory pave the way for India-UK FTA?
Will UK Labour Party's victory pave the way for India-UK FTA?

Insights

  • UK Labour Party, led by PM Keir Starmer, won a historic landslide.
  • He aims to finalise India-UK FTA, but negotiations face challenges, including strained relations from past issues, such as Kashmir motion.
  • Political instability and economic struggles in UK add complexity, while trade issues and India's need for policy reforms further complicate the process.

Labour party and the Indian government

Indian governments have had a hot and cold relationship with the Labour Party, which worsened under Jeremy Corbyn&#**;s leadership. However, with Prime Minister Starmer taking charge, there is renewed hope for the FTA to gain traction. Starmer has a more favourable mindset towards India, which gives optimism for a quick finalisation of the agreement.

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