The Prayas ePathshala

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Historical Relations:

Historical and cultural ties between India and the UK are strong. Below is a list of the contacts from before independence.
Trade ties between Tudor England and Mughal India were initially established in the year 1600. Elizabeth I granted a royal charter to the East India Company.
1707: EIC extended its manufacturing dominance during Aurangzeb’s rule, raising India’s share of the global GDP to 25% at the time.
The territory ruled by the Indian Company was formally created at the Battle of Plassey in 1757. The company’s dominance increased over time as a result of many wars and agreements in India.
In the midst of the Anglo-Mysore, Anglo-Maratha, and Anglo-Sikh wars, EIC governed the majority of the Indian subcontinent.
The Indian uprising of 1857 ended corporate rule in that country. The rule is currently under the power of the crown and the British government.

1858–1947: The British Empire:

In 1858, the British government received the territories and treaty agreements that belonged to the former East India Company.
When Queen Victoria was appointed Empress of India in 1876, she was in control of Bangladesh, Pakistan, and India.
The British participated in a number of wars throughout the next years, including the First and Second Opium Wars, the Anglo-Afghan Wars, the Anglo-Gurkha Wars, the Anglo-Burmese Wars, and World Wars I and II, on the strength of the British Indian Army.
As India’s people endured British oppression, much of the country’s enormous wealth was drained and lost over time.

Political:

The World Trade Organization, the Asian Development Bank, and the Commonwealth of Nations are just a few of the multilateral organisations to which India and the UK both belong and through which they frequently communicate on political matters.
Following his election as the UK’s prime minister, Cameron made a substantial contribution to fostering closer relationships with India in a variety of areas, including trade, energy security, halting climate change, education, research, security and defence, and international relations.

Financial Relationship:

India is the third-largest foreign investor in the UK.
Numerous bilateral economic agreements between the two nations are intended to strengthen ties.
According to the British government, which lists India as one of its most important trading partners, it is one of the “fastest rising economies in the world.”
In a number of areas, including science and technology, finance, commerce and investment, and defence and security, the predicted UK post-Brexit plan would offer a substantial opportunity for further enhancing bilateral cooperation between the two countries.
India and the UK recently reiterated their shared commitment to a Free Trade Agreement at the 14th virtual Joint Economic and Trade Committee (JETCO) meeting (FTA).

Joint Economic and Trade Committee:

JETCO provides a venue for British companies to forge new connections with influential Indian executives and deepen current ones.
Government-to-government dialogues about issues relating to market liberalisation and access adopt the JETCO strategy.
The UK India Business Council is essential in ensuring that the JETCO process takes the views of the UK business community into consideration in order to create favourable results for UK enterprises.
Making India investment opportunities available to the most esteemed institutional investors in the UK is one of the primary objectives of the JETCO process.

Trade:

One of its main trading partners is the United Kingdom, which came in at number 15 on the list of India’s top 25 trading partners for the 2016–17 fiscal year.
MoC&I trade figures show that between 2017 and 2018, India and the UK traded goods worth $14.497 trillion.
Among India’s main exports to the UK are clothes accessories, power generation equipment, fuel, petroleum products, and other resources.

Investment:

The UK ranks fourth among foreign investors in India with a total equity investment of US $26.09 billion, behind only Singapore, Japan, and Mauritius (April 2000-June 2018). About 7% of all foreign direct investments in India are made up of this sum.
Indian companies are the second-largest international job generator, adding almost 110,000 new jobs to the nation. India continued to be the third-largest investor in the UK.

Defence:

Defense sector cooperation is crucial to bilateral relations.
During the Prime Minister’s visit to the UK in November 2015, the two nations decided to create capabilities alliances in significant industries in order to advance their bilateral defence cooperation.
The three services communicate significantly at every level and frequently engage in joint exercises.

Education:

India and the UK prioritise education in their bilateral relationship. The connection has greatly improved since the establishment of bilateral organisations including the Newton-Bhabha Fund, the UK-India Education and Research Initiative (UKIERI), the Joint Working Group on Education, and Scholarship programmes throughout the previous ten years.

Science and Technology:

Science and technology are the areas of our bilateral collaboration that are growing the quickest.
In comparison to little over $1 million in 2008, almost £200 million has been invested in research collaborations between the UK and India.
Theresa May, the former prime minister of the UK, announced during her visit to India a combined research and development programme in energy-efficient building materials as well as an India-UK Clean Energy R&D Center with a focus on solar energy storage.
New research alliances of £80 million have also been created. One of these has the potential to invest a total of £13 million and is called the Shared Strategic Group on Anti-Microbial Resistance (AMR).

Cultural Relations:

India and the UK have established strong cultural relations as a result of their shared history.
Indian films, cuisine, philosophy, performing arts, and other facets of Indian culture have become widely accepted over time.
Numerous Indian cultural organisations in the UK actively promote Indian culture with the help of the Indian Diaspora, British organisations, and locals.
The Nehru Centre was established in 1992 and is one of ICCR’s major global cultural organisations. It is the cultural arm of the Indian High Commission in the United Kingdom.

Indian immigrants abroad:

One of the greatest ethnic minority populations in the UK, the Indian Diaspora has about 1.5 million members, or roughly 1.8 percent of the population and 6% of the GDP.

Further developments:

Access India Programme: To make it simpler for UK SMEs to invest in India, the Indian High Commission in London introduced the “Access India Programme” in September 2017. o Plans for manufacturing facilities under the “Make in India” initiative are heavily emphasised by the AIP programme, which primarily targets corporations wishing to invest in India.
rupee-denominated bonds: Since July 2016, more than $3.5 billion in rupee-denominated bonds, including those from HDFC, NTPC, and NHAI, have been issued in London.
In order to raise money, the Indian Railway Finance Corporation (IRFC) listed $500 million worth of green bonds on the London Stock Exchange.
In accordance with the Varanasi Smart City Development Plan, the United Kingdom will offer fresh technical assistance for the refurbishment of the Varanasi train station.
The UK will donate £160 million to 75 startup companies in support of the programme, and an extra £20 million to a Start-Up India Venture Capital Fund.
The first bond index series for overseas investors debuted on the London Stock Exchange (LSE) in 2017 under the name State Bank of India (SBI).