"UK has no cap on visas for students from India or anywhere else. All are treated same. Whoever comes will join almost half a million international students who come in the UK to access word-class education in the world-class universities," he said in New Delhi.
Mr Asquith was speaking at the India launch of the report of the UN Secretary General's High Level Panel on Women's Economic Empowerment.
India has repeatedly asked Britain to relax student visa rules for greater mobility of students. UK's visa policy requires students to return home after their courses end -- a move that has led to fall of Indian students enrolling in British universities by 50 per cent.
As per estimates, the number of study visas issued to Indian nationals have fallen drastically.
He said the UK is already investing and supporting about 75 start-up businesses and they provided access to financial services to women in India.
British companies, on an average, are spending 7 per cent of their revenues on training and skilling employees in India and are also creating more opportunities for women, Mr Asquith said.