Sitharaman Leads Indian Delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue

New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD), held here today in virtually through video conferencing.

The Indian delegation included representatives from Ministry of Finance, Reserve Bank of India and Securities and Exchange Board of India (SEBI). The UK delegation was led by Chancellor of Exchequer, Rishi Sunak, with representatives from Her Majesty’s Treasury, Bank of England and Financial Conduct Authority (FCA).

India and the United Kingdom enjoy close bilateral relations in diverse areas.India-UK economic ties are important as together they are two of the world’s top seven economies with a combined GDP of over $5 trillion. India-UK trade has more than doubled since the first EFD in 2007, with bilateral investment supporting over half a million jobs across both countries.

The Dialogue, inter alia, covered sharing of experiences on corona virus response, to enable both countries to be enriched through experiences of the other and collaboration in the G20 on finance track matters, including through G20 Framework Working Group and Debt Service Suspension Initiative (DSSI).