New research from Grant Thornton has explored the significant contribution Indian companies continue to make to the UK economy. The study has found that the contribution has increased in almost every measure compared to the previous year.
A trade deal between the UK and India remains a major priority for the Government, post-Brexit, having named the country as one of the top targets for a free trade agreement in the years to come. Even amid the pandemic, this has seen the UK Prime Minister prioritise forging ties with the rising economic power. To some extent, this strategy is already bearing fruit, as Indian investors have continued to invest in the UK.
According to Grant Thornton, Indian investors were involved in ten acquisitions throughout 2020 – the highest of any non-EU country. This included four deals in the technology and telecoms industry and two in manufacturing. While this is impressive, however, it does not do justice to the deepening bond between the two economies.