UK, the single largest Western investor in India, says report
News:
According to a recent report titled ‘Sterling Assets: Britain Meets India’ report by the Confederation of British Industry and Grant Thornton India, United Kingdom has strengthened its investments in India to become the largest single western investor.
Important Facts:
Key takeaways from the report
- Of the total FDI flows in India, the UK directly invested $26.09 billion accounting for about 7%
- 38% of British companies made new investments in India in 2017.
- The UK is the fourth largest investor in India and remains the largest investor into India outside of South East Asia and Africa.
- The UK created around 52,000 new private sector jobs from 2016 to 2018
Reasons for British firms being attracted to India:
- A huge and growing market with an expanding middle class
- The easy availability of talented workers
- Ease of doing business policies and reforms such as the Goods and Service Tax (GST)
