Early 2009, India committed to converging IND AS with IFRS in the G20 meeting however suspended its implementation due to some tax issues.
India and the UK share long historic ties and as one of the leading G20 investors, the UK has made an investment of 29.56 billion USD in India since 2020 and the number of UK businesses
In a significant development and approved by the union cabinet, India recently entered into a USD 100 million Defence Line of Credit agreement with Mauritius, the first such pact with an African country as a part of the Comprehensive Economic Cooperation
The United Kingdom and India enjoy long-standing business legacy and deep-rooted diplomatic and economic ties with a strong existing robust bilateral investment relationship that is all set to further flourish during the post Brexit era and boost up UK's investment for many new India company incorporation.
India continues to provide a thriving business environment to foreign investors since economic liberalization in 1991 and its economy is all set to touch new highs in 2021 with businesses returning to the pre-pandemic level.