Indian Companies Propel Growth in UK Amidst Free Trade Era
Indian-owned companies in the UK have grown by 23% year-on-year, now totaling 1,197 businesses with combined revenues of GBP 72.14 billion. The 'India Meets Britain Tracker' by Grant Thornton highlights the bilateral trade and investment benefits post-UK-India Free Trade Agreement, showcasing an increased presence and growth of Indian firms in the UK.
- Country:
- United Kingdom
In a significant boost to bilateral trade, the number of Indian-owned companies operating in the UK has surged by 23% over the past year, reaching a new total of 1,197 firms. According to the 'India Meets Britain Tracker,' this marks the highest annual growth rate recorded since its inception.
The annual report, released during the UK-India Week at the India Global Forum, indicates that the combined revenues of these companies rose to GBP 72.14 billion, an increase from GBP 68.09 billion in 2024. Commerce and Industry Minister Piyush Goyal, alongside UK Business Secretary Jonathan Reynolds, spearheaded the launch.
Key political and business figures underscore the Tracker's findings as evidence of the strengthening trade partnership, particularly in light of the UK-India Free Trade Agreement. The report also hails major growth figures such as Wipro IT Services UK Societas and the rising presence of female directors among Indian firms in the UK.
(With inputs from agencies.)
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