India liberalises

India is to liberalise its legal services market, in a major development that will give foreign lawyers the right to operate in India. This will create new opportunities for the UK legal profession, who will be able to enter into partnerships with Indian firms and enjoy similar rights to those that Indian firms currently enjoy in the UK. The agreement was reached this week between Chancellor George Osborne and Indian Finance Minister Arun Jaitley, at the eighth UK-India Economic and Financial Dialogue (EFD) in London.