Indo- UK trade and economic relations are based on shared values & culture and historic ties. Historical data reveals that the major portion of India’s foreign trade was with United Kingdom and USA. India’s relations with U.K. have been remained reasonably strong even over six decades since India’s Independence in 1947. The bilateral trade between two countries has increased many folds in recent years. The value of Indian exports to UK was US$ 1185 Million in 1994-95 which increased to US$ 9351 Million in 2014-15. India is enjoying a trade surplus with UK since 2004-05 to 2015-16. Despite increasing trade volumes and growing economic & strategic ties, several problems continue to strain Indo-UK trade performance. However recent increase in trade with UK clearly indicates that there exists huge untapped potential for growing trade between India and UK but this potential needs to be realized. This paper attempts to provide a synopsis of India’s bilateral trade relations with UK in recent years. Further, efforts are made to suggest, on the basis of findings of the study, various measures which would boost and escalate India’s trade relationship with the UK.

KEYWORDS: CAGR, Bilateral trade, Composition, Direction, India, UK, Commodity