Bilateral Relations Between India & UK To Reach New High Post COVID

• India-UK bilateral relations are said to touch a new high in the post COVID-19 world, as India is likely to be a priority country for the UK, leading to an enhanced economic partnership.

• FDI inflow from the UK to India for a particular year increased from $898 million in 2015-26 to $1,422 million in 2019-20 according to the Britain Meets India report, developed by CII and Grant Thornton Bharat.

• “Besides a free trade agreement, mobility and an interim trade deal, we are working on a 10-year 360-degree roadmap to strengthen our relationship with the UK. Going forward we see investments in India’s clean energy sector coming from the UK.” stated Sandeep Chakravorty, Joint Secretary (Western Europe), Ministry of External Affairs.

• “Our research identified 572 UK companies in India with a combined turnover of around INR 3,390 billion, tax payment of around INR 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

• Dyson Technology, Aviva Life Insurance, Diageo Business Services, RMD Kwikform and FMC Technologies are included in the list of ‘fastest growing UK companies in India’ among others.