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New Delhi, July 28 -- Prime Minister David Cameron will meet his Indian counterpart Manmohan Singh on Thursday in their first official meeting in India to boost Indo-UK trade ties in the backdrop of a steep slump on the British side of the equation. Cameron is leading a 90-member trade delegation comprising ministers, CEOs, cultural figures and sports stars. Key figures include UK Finance Minister George Osborne, Business Secretary Vince Cable, BAE Chairman Richard L Olver. The meeting aims to rejuvenate sagging trade ties which got a boost on Wednesday with the sealing of a deal for Hawks - advanced jet trainers - to India. British exports dropped to Rs 21,009 crore in 2009 from Rs 29,872 crore in 2008 . However, Britain is India's third-largest source of foreign direct investment. Jo Johnson, MP and trade delegation member told HT that "the size of the delegation and the fact that the visit is taking place so soon in the tenure of the new government shows that India is at the top of the British government's trade agenda".British banks earned Rs 2,293 crore from financial services in India in 2007.
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