Before stepping down, former prime minister Boris Johnson set a target with Indian leader Narendra Modi to complete a free trade agreement (FTA) by Diwali on Oct 24. “(The deadline) is not arbitrary … it was set quite a while ago. But doing a trade deal is not a simple and easy thing. So what we want to do is something that lifts both countries. It may not be everything that the services sector wants,” Badenoch said at the Conservative Party’s annual conference.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid