International Economics is helping the FCO gain a more detailed picture on the existing Indian tariff structure that has the potential to present a significant barrier to United Kingdom (UK) companies looking to export to the Indian market and to identify specific tariff lines that, if reduced, would be the most mutually beneficial to both economies. Main activities include a comprehensive statistical analysis of the value of removing tariffs across different sectors and identifying sectors/tariff lines where the economies would most benefit from any tariff reductions, along with case studies of the impacts of such reductions.

The overall objective of this project is to produce empirical evidence to support the on-going UK-India trade discussions by providing a full picture of the economic impact to both India and the UK of the existing Indian tariff structure.