UK ended 10-year old diplomatic boycott imposed on him in 2012. The ban was imposed on him after 2002 Gujarat riots. Both the countries upgraded their bilateral relationship to that of Strategic Partnership in September 2004.
Here are some facts you need to know about India-UK
- According to MEA, to strengthen the financial and economic relationship between both the nations, India-UK Economic and Financial Dialogue (EFD) was officially established through signing of an agreement in February 2005.
- UK is among India's major trading partners. UK is listed 18th among the top 25 trading partners of India.
- India exports garments and textiles, machinery and instruments, petroleum products, footwear and leather, manufactures of metals, gems and jewellery, engineering goods, transport equipment and parts, spices, drugs & pharmaceuticals and marine products to UK.
- Machinery and equipment, ores and metal scraps, precious and semiprecious stones, silver, metalliferous, aircrafts and parts, beverages and spirits, machinery, engineering goods, and other professional instruments other than electronics, non-ferrous metals and chemicals are among goods imported in India from UK.
- The UK is the 3rd largest inward investor in India after Mauritius and Singapore.
- UK ranks first among the G20 and accounts for around 9% of all investment into India for the period April 2000 - March 2015.
- In 2013-14, UK invested $3.2 billion in India, more than any other G20 country.
- India continues to be one of the largest investors in the UK.
- India is the second largest source of students in UK. However, a decline in the number of students from India has been witnessed.
- According to 2011 census, 1.5 million people of Indian origin reside in UK which is 1.8 percent of the total population of UK. Indian people contribute 6 percent of the country's GDP.