Brexit

What Brexit could mean for Indian business

The UK is the third largest inward investor into India, after Mauritius and Singapore, with cumulative FDI equity investments of $ 22.7 billion from April 2000 to December 2015 — accounting for 8% of the total FDI inflows into the country. India, on the other hand, is the third largest investor in terms of number of projects into the UK. The number of Indian companies in the UK, growing at more than 10%, has nearly doubled from 36 to 62 firms in a year. The combined turnover of these businesses has increased from £ 22 billion in 2014 to £ 26 billion in 2015, according to Grant Thornton UK LLP-Confederation of Indian Industry (CII) estimates.

Grant Thornton UK LLP Study.

This article apeared in Indian Express on 21st June, 2016