1st India-UK Financial Markets Dialogue

India and the UK held the inaugural meeting of the India-UK Financial Markets Dialogue virtually on 9th July 2021. The Dialogue began with a government to government discussion on four themes:

1. GIFT (Gujarat International Finance Tec-City)City, India’s flagship international financial centre, 
2. banking and payments,
3. insurance, and
4. capital markets.

Indian and UK discussed progress on the UK-India GIFT City Strategic Partnership. Both sides agreed on areas for further collaboration, including sustainable finance and FinTech,with the aim of supporting increased UK industry presence in the centre.

About India-UK Financial Markets Dialogue
The Dialogue was established at the 10th Economic and Financial Dialogue (EFD) in October 2020 to deepen bilateral ties in the financial sector. Financial Cooperation is one of the key pillars of the 2030 Roadmap adopted by the two countries during the recent meeting of the two Prime Ministers and the India-UK Financial Market Dialogue is one of the key elements of this Financial Cooperation. As two services driven economies, both sides agreed there is significant scope for strengthened financial services cooperation between India and the UK.

​Sources :  PIB