• Friday, October 07, 2022

Business

Indian companies have contributed £47.5 billion to UK economy post-Brexit

Theresa May met with India prime minister Narendra Modi in 2017 to discuss stronger UK-India trade

By: Sarwar Alam

As many as 800 Indian companies in the UK have generated £47.5 billion in combined revenues last year and contributed significantly to post-Brexit Britain’s economic growth, according to a new report. The India meets Britain Tracker 2017, released annually by professional services major Grant Thornton in collaboration with the Confederation of Indian Industry (CII), have found that Indian companies employ around 110,000 employees in the UK and last year it had a combined capital expenditure of £4.25 billion. “With around 800 Indian companies now operating in the UK, it is clear the UK remains a highly attractive destination for Indian…

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