India UK to Deepen Investment, Explore GIFT IFSC Listings

India and the UK discuss deeper cross-border investment, GIFT IFSC listings and capital-market connectivity during the fourth Financial Markets Dialogue held in London.

India and the United Kingdom have agreed to deepen cross-border investment and strengthen capital-market connectivity, including through equity and bond listings via the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC). The discussions took place during the fourth India-UK Financial Markets Dialogue held in London on September 29, with the joint statement published on today.

The dialogue brought together senior officials from India’s Ministry of Finance and the UK Treasury, along with financial sector regulators including the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), International Financial Services Centres Authority (IFSCA), Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority of India (IRDAI), Bank of England and Financial Conduct Authority.

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The two sides reviewed reforms in their respective financial markets and reaffirmed their objective of supporting sustainable economic growth, resilient and open financial markets, and greater bilateral trade and investment. Discussions covered capital markets, insurance, pensions, asset management and fintech.

India and the UK highlighted the growing role of GIFT IFSC in mobilising international capital into India and agreed to continue regulatory cooperation and knowledge-sharing to support its development as an international financial centre. They also discussed opportunities for Indian companies to access international capital through cross-border equity and bond listings via GIFT IFSC and agreed to identify priority areas for future cooperation in capital markets.

The dialogue also covered insurance and pensions, with both countries reaffirming the importance of their existing Insurance and Pensions Workplan. The discussions included opportunities in reinsurance and greater cooperation between the London Market and Indian insurers and reinsurers, along with knowledge-sharing on pensions regulation, governance and long-term savings.

In asset management and sustainable finance, both sides discussed regulatory developments and measures that could support greater participation by Indian and UK asset managers in each other’s markets. They also welcomed further internationalisation of the Indian rupee and recognised London’s position as a major offshore rupee trading hub.

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Fintech and innovation formed another part of the discussions, with India sharing its experience in digital public infrastructure, digital identity, digital payments, central bank digital currencies and data-exchange frameworks. Both sides also discussed responsible artificial intelligence adoption in financial services, cyber security, financial fraud and cross-border payments.

The two countries reaffirmed their support for the G20 Roadmap for Enhancing Cross-Border Payments and agreed to continue cooperation on reducing payment-related frictions, improving transparency and increasing efficiency. They also linked the dialogue to the implementation of the India-UK Comprehensive Economic and Trade Agreement, which entered into force on July 15, 2026.