G20 Summit: David Cameron set for first meeting with new Indian PM Narendra Modi

US President Barack Obama has describing Mr Modi as a 'man of action'

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David Cameron is set for his first meeting with Indian prime minister Narendra Modi since he was elected to run the world's biggest democracy in May.

The two will talk at this weekend's G20 Summit of major world economies in Brisbane on the east coast of Australia.

Mr Cameron hopes to develop trade links between the two countries. He has previously argued that the UK and India have not even “scratched the surface” of the potential for trade.

Mr Modi, a Hindu nationalist, was elected by a landslide on a platform of delivering economic reforms this year. He is targeting economic growth of 8 per cent and has already stripped bureaucracy out of the farming market.

On his election, Mr Cameron called to congratulate Mr Modi on receiving “more votes than any other politician anywhere in the universe”.

US President Barack Obama met Mr Modi at a gala earlier this week, describing him as a “man of action”. This has cemented the view that Mr Modi is currently the most in vogue politician in the world, with leaders of the biggest western powers keen to do business with him.

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The G20 starts on Saturday and could be a tense affair given the presence of Russian president Vladimir Putin. Russia's interventions in Ukraine have been heavily criticised by western leaders.

Australian prime minister Tony Abbott has been particularly critical after 38 Australians died when Malaysian Airlines flight MH-17 was brought to the ground in Ukraine.