Hague and Osborne will also hold bilateral meetings with their Indian counterparts, Sushma Swaraj and Arun Jaitley respectively, during their scheduled visit between July 7 and 9.
"We are now looking forward to the visit to India jointly by the foreign secretary and the Chancellor of the Exchequer next week.
Their ministerial meetings have been scheduled in India," Indian High Commissioner to the UK Ranjan Mathai said yesterday.
Earlier, Hague had earlier made reference to his India visit in the House of Commons.
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"The Chancellor and I will visit India shortly to meet the new government.
Our priorities will be to expand trade and investment, enhance education links, strengthen cooperation on defence and security, increase collaboration on science and innovation, and build our people-to-people links through the UK's 1.5 million Indian Diaspora," he said.
Their visit is expected to be followed by that of Britain's Deputy Prime Minister Nick Clegg and Greg Barker, Prime Minister David Cameron's minister in charge of business engagement with India.