UK’s investments in India continue to grow: Report

New Delhi, Feb 17 : India-UK relations will touch a new high in the post-Covid world, says a Grant Thornton Bharat-CII Britain Meets India report.
According to the report, India is likely to be a priority country for the UK, especially post Brexit, leading to an enhanced economic partnership.
The strengthening of partnership can be gauged from the developments on the investment front where FDI inflow from the UK to India for a particular year increased from $898 million in 2015-16 to $1,422 million in 2019-20.
The Report covered companies from the UK which continue to grow, invest and expand in India.
“Our research identified 572 UK companies in India with a combined turnover of around Rs 3,390 billion, tax payment of around Rs 173 billion and employing 416,121 people directly. This reflects the important contribution made by the UK companies to the Indian economy as a key ally in India’s growth story,” said Pallavi Joshi Bakhru, Partner and India-UK Corridor Leader, Grant Thornton Bharat LLP.
Anuj Chande, head of the South Asia Group at Grant Thornton UK LLP, said : “I am delighted that with the launch of this report… we now have a quantitative measurement of the economic contribution of UK companies to India. Together with our India meets Britain tracker report which is in its 7th year, we have a comprehensive picture of the bilateral investment footprint.”