UK could gain ‘first-mover’ advantage with India trade deal

Resolution Foundation report also highlights risk of British firms being undercut by lower cost rivals

Gains from a UK trade deal with India could be on a par with those from an agreement with the US but risks exposing the economy to tougher competition, a report says.

The Resolution Foundation thinktank said successful talks between London and New Delhi had the potential to gain first-mover" advantage in India and replicate the success of German manufacturing exporters to China.