India, UK agree to be ambitious on services deal in FTA negotiations

Pointing out that services make up 71% of UK's GDP and 54% of India's, the statement released after India-UK dialogue said both countries recognise importance of services in their economies

India and the United Kingdom on Thursday expressed their commitment to working out a free trade agreement and said the two countries would be ambitious while negotiating on services in the deal.  

"We agree to be ambitious when considering services in the forthcoming FTA negotiations," said a joint statement by finance minister Nirmala Sitharaman and her UK counterpart Rishi Sunak.

Pointing out that services account for 71 per cent of UK's GDP and 54 per cent of India's, the statement released after

India-UK Economic and Financial Dialogue said both countries recognise the importance of services in their respective economies.

Meanwhile, the