Resolution Foundation

A presage to India

Assessing the UK’s new Indo-Pacific trade focus

This briefing note looks at the implications of the Government’s trade policy pivot to target the fast-growing Indo-Pacific region, following its unsuccessful attempt to deliver a trade deal with the US. It focuses on the impact of a possible trade deal with India on the UK economy as this is the most important part of the Government’s new strategy. 

If a deal with India can be delivered, there are big gains available for UK exporters as trade costs tumble. Business services – a key UK sector – is particularly well placed to benefit from what is expected to be India’s meteoric rise to the world’s third-largest import market (behind the US and China). But the deal remains something of a gamble as these gains must be balanced against the risks from increased exposure of UK firms to unpredictable future competition. 

For all research queries about this report, please contact Sophie Hale. For press queries, please contact the Resolution Foundation press office.

Sophie Hale
Principal Economist,
Resolution Foundation

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