'UK sees India as largest trading partner outside Europe'

"UK is looking at a world outside Europe and it sees in countries like India, one of the largest trading partners," Jaitley said at the UK-India Tech Summit being held from Monday to Thursday.

While there are voices from the economies of the world to move towards protectionism, it is India that is looking to open its economy further, he said.

"Today our economy is expanding. We are looking to open out, that is the direction of India. India's voice is getting increasingly noticed in the world," Jaitley added.

The relationship between the two countries -- India and UK -- has undergone a change over decades and they can partner across sectors, including tourism and manpower, he said.

"We are trying to take the relationship at a higher level," he added.