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British Prime Minister Keir Starmer and Prime Minister Narendra Modi at the Global Fintech Fest
I didn’t travel here alone this week. I brought some friends who believe in this vision as well,” said UK Prime Minister Keir Starmer at the Global Fintech Fest, referring to the India-UK recent free trade agreement (FTA) and its promise of incredible trade opportunities for both the countries.
The delegation of 126 British businesses and leaders, accompanying Starmer, is the biggest British delegation for over a decade and the biggest ever to India,” he said, while addressing the gathering along with the Indian PM Narendra Modi.
“We had to swap to a bigger plane when we knew the numbers that were coming with us, and it shows that when it comes to India and when it comes to this partnership, we really do mean business.”
India held the promise of the future in its hands, he said, adding that they were building ‘something special’ in the UK as well.
“A renewed nation, a renewed economy, a Britain that works for all.”
Reigniting economy
Since this government came to power, just over a year ago, the country had attracted record investments. It had delivered the highest growth in the G7 in the first half of 2025 and “now we are reigniting our economy to secure growth for the long term. India and the UK were natural partners and both were world leaders in fintech,” he said. “We have the second- and third-largest fintech sectors in the world.”
The UK already had a competitive edge in sectors such as tech and artificial intelligence, life sciences, renewable energy, advanced manufacturing and, “of course, financial services and fintech are at the heart of all this.”
Starmer gave the example of Oxford University, AstraZeneca and Serum Institute coming together to deliver over a billion doses of the Covid vaccine, as an instance of the collaborative power of the two countries.
“Because look, our two nations achieve incredible things when we innovate together.”
He also harked back to the collaboration between British mathematician GH Hardy and India’s Srinivasa Ramanujam, who struck up a truly unique partnership that changed the field of theoretical mathematics and incredibly helped shape the fintech industry that would emerge a century later. “
He pointed out that HSBC was launching an innovation banking hub and expanding into 20 new cities, while Standard Chartered had opened a new global business services hub in Chennai.
He named companies, such as Razorpay, Perfios, Cred, that were increasingly looking out to the world and Paytm, which is planing to invest in the UK.
“We want to see leading Indian firms flourishing in the UK, taking their business global and British firms selling into India growing and thriving here too.”
Published on October 9, 2025
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