UK, India Strengthen Financial Ties Focus on Rupee and Green Finance

10 Apr, 2025

The UK and India have taken significant steps to deepen their financial partnership through the recent India-UK Economic and Financial Dialogue held in London. The dialogue focused on expanding bilateral cooperation, with particular emphasis on green finance, infrastructure investment, and the internationalisation of the Indian Rupee. Both nations reaffirmed their shared commitment to supporting sustainable economic growth and enhancing financial connectivity.

UK Chancellor Jeremy Hunt and Indian Finance Minister Nirmala Sitharaman led the discussions, highlighting the importance of fostering stronger economic ties between the two countries. The dialogue addressed collaborative opportunities in green technology, fintech, capital markets, and pension fund investments. Both leaders expressed enthusiasm over the potential of green finance in driving long-term investments and supporting the transition to net-zero emissions.

A key highlight of the meeting was the mutual interest in promoting the Rupee’s use in global trade and finance. The UK welcomed efforts to increase the international use of the Indian Rupee and pledged support for future collaboration on financial innovation and currency integration. Additionally, the dialogue stressed the importance of increasing capital flow into Indian infrastructure projects, particularly through climate-aligned investments and ESG-focused financial instruments.

The dialogue also explored ways to boost cross-border investments, enhance financial regulatory cooperation, and support start-ups and innovation hubs in both countries. A joint commitment was made to enable smoother investment channels and explore innovative financial mechanisms that benefit both economies.

Both countries reaffirmed their dedication to creating a more inclusive, climate-resilient, and innovation-driven financial ecosystem. This growing partnership is set to play a pivotal role in shaping the global financial landscape while supporting each nation's economic ambitions. The India-UK Dialogue signals a shared vision for leveraging financial tools to address 21st-century challenges and foster a more interconnected and sustainable future.

Related News

Interview