The 13th Ministerial meeting of the India-UK Economic and Financial Dialogue (13th EFD) was held today at London. The Indian delegation, led by Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, held high-level discussions with the UK delegation led by the Chancellor of the Exchequer, The Rt. Hon. Rachel Reeves. The Indian delegation comprised of the Finance Secretary, Chairman IFSCA, Whole Time Member from SEBI and other senior officers from Ministry of Finance and Indian High Commission in London. Governor RBI also attended the meeting in virtual mode. The UK delegation included the Governor of Bank of England, FCA CEO, Economic Secretary of Treasury, and senior officials from HM’s Treasury.
Both sides reaffirmed their commitment to continue collaboration in financial services sector, FinTech and Digital economy and between the respective regulatory bodies; collaboration at bilateral and multilateral fora to address mutual and global economic issues including mobilising affordable finance and investment for low carbon economic growth, taxation matters and illicit financial flows.
Both sides welcomed the recent announcement of UK universities establishing campus in India, release of report of the India-UK Financial Partnership (IUKFP) on direct listing in IFSC GIFT City, launching of new private sector workstream on green finance, under the auspices of the IUKFP and other new areas of focus.
The 13th EFD concluded with the adoption of the Joint Statement by Union Finance Minister of India and Chancellor of Exchequer of United Kingdom.
