Synopsis
UK businesses are making a big impact in India, generating over Rs 5 trillion in revenue and employing over half a million people. The India-UK Free Trade Agreement is expected to further boost this growth, particularly in sectors like renewable energy and technology. British investments are supporting India’s economic development and sustainability goals. ANI Representative image. UK businesses are playing a significant role in India’s economic development, with 667 UK-owned companies contributing Rs 5,082 billion in revenue and employing over 523,000 people, according to the latest Britain Meets India 2024 report, released by Grant Thornton Bharat in collaboration with the Confederation of Indian Industry (CII).
The report showcases the expanding footprint of UK companies in India. It identifies the top 162 high-performing firms with exclusive growth criteria, collectively surpassing an annual revenue of Rs 500 million and achieving at least 10 per cent growth year-on-year.
Sectors like education, technology, and infrastructure are seeing notable UK investments, supporting India’s long-term economic and sustainability goals.
Pallavi Bakhru, Partner and Head of the India-UK Corridor at Grant Thornton Bharat, said, “With the India-UK Free Trade Agreement on the horizon, we expect significant growth opportunities for UK companies in India. Our Britain Meets India tracker showcases not only this potential but also the valuable role UK businesses are playing in supporting India’s net-zero goals by 2070, particularly through expertise in renewable energy and climate finance.”
Companies featured in the Growth Tracker saw an average growth rate of 71 per cent, up from 46 per cent in 2023, showcasing their increasing influence. The business services sector led the expansion, reflecting India’s skilled workforce and rising consumer market.
Maharashtra emerged as a major hu
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