Grant Thornton India Meets Britain Tracker: A New Era for UK-India Economic ties

The 12th Grant Thornton India Meets Britain Tracker was launched, highlighting a record-breaking year for Indian businesses in the UK. With the UK-India Free Trade Agreement recently finalized, the report reveals a 23% increase in Indian companies operating in the UK, mostly in the Technology sector.

The 12th edition of the Grant Thornton India Meets Britain Tracker was unveiled today in a ceremony led by Indian Commerce Minister Piyush Goyal. The launch took place during a special session at IGF London, Queen Elizabeth II Centre. This year's tracker is especially noteworthy due to its timing after the finalization of the UK–India Free Trade Agreement.

Grant Thornton's collaboration with the India Global Forum and Confederation of Indian Industry yields an in-depth look at Indian investments in the UK. Manoj Ladwa, IGF's Founder, emphasized the tracker as evidence of increasing UK–India economic collaboration, showcasing a 23% uptick in Indian-owned companies, primarily in the Technology, Media, and Telecom sectors.

With London as a major hub, the economic impact expected from these companies will contribute significantly to UK GDP and wage growth. As the IGF event continues, the discussions and insights promise to navigate the next steps in UK-India relations, building on the momentum fostered by the new trade agreement.

(With inputs from agencies.)