The financial sector in India is characterised by liberal and progressive policies, vibrant equity and debt markets and prudent banking norms.
Financial Services in India
British businesses are seen as easy to deal with and more open than most in sharing technology.
The financial services sector is already the largest contributor to the UK economy, as measured
by net earnings by UK companies from FDI.
India is one of the fastest expanding economies in the world, with a rapidly expanding consumer
base – more than half the population are under 25 years old.
Improvements in infrastructure are encouraging foreign companies to look beyond Mumbai and
Delhi to the huge opportunities in India’s emerging cities. Economic liberalisation continues to
progress, with trade barriers being removed and privatisation programmes gradually reducing the
role of the public sector in the production and consumption of goods.
The process of reforms as part of liberalization has resulted in greater investment in the Indian
economy. Government policies have become investment friendly and paper work has reduced.
The capital markets have also been able to receive huge inflows of funds. The Indian economy is
ready to face competition from overseas markets and as a result international investors see India
as a potential market for excellent returns on their investment.
UK companies themselves believe and call for reform, as they stand to gain from liberalisation.
We estimate, even with no increase in market share, the UK should be earning £800m per year
from banking and insurance alone (this assumes that the sector grows by 100% from 2008 –
2012 as predicted by KPMG). With some gradual liberalisation, which allowed UK firms to
double their current market share, we could be earning £1.6bn per year and if India were to
become as open as South Africa, for example, then we would predict closer to £3bn by 2012.
ξ The financial sector in India is characterised by liberal and progressive policies, vibrant
equity and debt markets and prudent banking norms.
ξ India has a transparent, highly technology-enabled and well-regulated stock market with
the largest number of listed companies – approximately 10,000 - across 23 stock
exchanges. India has the third largest investor base in the world.
ξ The country also has a vibrant and modern commodities exchange market. NCDEX, MCX
and NMCEI are the major national exchanges with a diversified portfolio of commodities
that include agri-products, bullion, metals and energy. The exchanges offer future
contracts and India was the first to provide trading in steel futures.
ξ Quenching its thirst for foreign assets, India Inc announced 177 M&A deals worth US$
26.8 billion in the first nine months of 2011. For the quarter July-September 2011, inbound
deals worth US$ 7.32 billion were registered as against the deals worth US$ 2.65 billion in
the previous quarter.
Latest export opportunities – Financial & Professional Services
Latest export opportunities - India
Getting into the market
British companies wishing to develop their business in the India market are advised to undertake
as much market research and planning as possible in the UK. UKTI’s team in India with its wide
local knowledge and experience, can provide a range of services to British-based companies
wishing to grow their business in global markets.
This can include:
ξ Provision of market information
ξ Validated lists of agents/distributors
ξ Key market players or potential customers in the Indian market
ξ Establishment of interest of such contacts in working with you
ξ Arranging appointments
ξ Organise seminars or other events for you to meet contacts and promote your company in
the Indian market
This work is available via our Overseas Market Introduction Service (OMIS) a chargeable
service which assists British-based companies wishing to enter or expand their business in
More about doing business in India
Market intelligence is critical when doing business overseas, and UKTI can provide bespoke
market research and support during overseas visits though our chargeable Overseas Market
Introduction Service (OMIS).
To commission research or for general advice about the market, get in touch with our specialists
in country - or contact your local international trade team.
ξ Sheela Kulkarni, UK Trade & Investment, The British Deputy High Commission,
Mumbai. Tel: +91 22 66502258 or email: firstname.lastname@example.org
Contact your local international trade team
Lord Mayor’s visit to London, with trade delegation
Date: Oct 2012
www.cityoflondon.gov.uk (Lord Mayor’s Overseas Visits 2011-12)
UKTI runs a range of events for exporters, including seminars in the UK, trade missions to
overseas markets and support for attendance at overseas trade shows.
Latest events – Financial & Professional Services
Latest events – India
More about OMIS and other UKTI services for exporters