Will Rishi Sunak make a positive decision for India..!?

Sowmiya Sriram
Will Rishi Sunak make a positive decision for India..!?

The fact that Rishi Sunak, who has become the prime minister of england, belongs to indian origin has given excitement to many people. In this situation, the indian government led by prime minister Modi and the Rishi Sunak government are engaged in serious trade talks. Will there be smooth results in these talks? Will it benefit India? It has raised the question for many. Will there be a positive announcement, especially on FTA? It has also created strong expectations.
Regarding this, in a news published in PTI yesterday, the government of india and the government of england have said that they are actively consulting on bilateral free trade and FTA trade. As Rishi had congratulated Sunak at the end of last month, it was also expected that the discussion might have taken place then. Because prime minister Modi wants to strengthen the strong partnership between the two countries. He also said that an announcement about the FTA will be made soon.
While the talks were supposed to end last April, the political crisis in the UK and the global recession stalled amid many factors. However, now that Rishi Sunak has been sworn in as the new prime minister, an announcement is expected to be made soon. Because the bank of england has raised interest rates to the highest level in 33 years amid 40-year low inflation in the UK.
Meanwhile, the UK, which has seen various political changes, is now forced to come out of its inflationary crisis. There is a need to revive the economy. There is a lot of compulsion to increase employment opportunities. So for the UK as it is now, the FTA agreement with india is expected to be very beneficial. It will also be very beneficial if prices fall, especially in the midst of a recession in the UK. So it is expected that major decisions will be released regarding this pre-trade agreement soon. It is likely to be a very useful agreement not only for england but also for India.
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