Britain is G20's largest investor in India - CBI
Britain is the G20's single-largest investor into India, according to a Confederation of British Industry (CBI) report published on Wednesday.
The CBI’s first Sterling assets India report, between 2000 and 2015, the UK invested $22.2bn in India, representing 9% of all foreign direct investment (FDI) in the country.
The investment was bigger than that of the USA and Japan and substantially ahead of other European G20 nations, making the UK the largest foreign investor into India after Singapore and Mauritius.
The report found Britain directly creates more jobs in India than any other G20 nation, with British direct investments generating over 137,000 jobs, accounting for 7% of jobs generated by FDI in the country.
After the USA, Britain is the second-biggest generator of service sector jobs in India, with an estimated 43,000 positions created, while British firms in India are estimated to employ 691,000 people, representing 5.5% of the organised private sector workforce in the country.
“The economic relationship between India and the United Kingdom is in fine fettle," said Katja Hall, CBI deputy director-general.
“The UK has played a significant role in India’s growth journey, investing more and creating more jobs than any other G20 nation, as well as going the extra mile on corporate social responsibility.
"Building trade links with key markets is mission critical to boosting growth, creating jobs and enhancing productivity across the UK.”