The U.K.'s bilateral trading relationship with India stood at £23.3 billion in 2019. The impact of the Covid-19 pandemic is visible in the latest figures, with total trade in goods and services at £21.5 billion in the four quarters ending Q3 2021. The U.K. reported a total trade deficit of £6.1 billion with India as of March 18. The DIT estimates that an FTA could strengthen trade ties, allowing U.K. exports to rise by up to £16.7 billion by 2035.