India-UK Free Trade Pact: A New Era in Global Finance

India and the United Kingdom have officially cemented their economic ties by signing a transformative Free Trade Agreement. NSE CEO Ashish Chauhan emphasized the alliance's importance, citing the fusion of India's high-tech financial prowess with the UK's deep expertise in financial structuring and long-term fund management.

In an exclusive conversation with ANI, Chauhan hailed India's innovative edge in the fintech sector, pointing to the revolutionary impact of the Unified Payment Interface (UPI), which has been adopted globally. "Indian firms are at the forefront of financial technology, making systems like UPI and our stock markets a global benchmark," he remarked.

The economic shift also shines a light on India's skilled labor force, increasingly relied upon by international financial institutions. Chauhan noted that firms like Bank of New York and Fidelity employ thousands in India, managing trillions of dollars. The FTA marks a shift towards bilateral agreements, setting a precedent for future deals with other major economies.

(With inputs from agencies.)