Indian companies' job creation levels on rise in UK: Report
Indian companies in the UK created 110,793 jobs this year, over 6,000 more than 2019, and paid 462 million pounds in corporation tax to the country's economy, according to the latest analysis of 842 firms operating in Britain.
The India Meets Britain Tracker 2020', collated annually by Grant Thornton and the Confederation of Indian Industry (CII) to weigh up the contribution of Indian businesses to the UK economy, found that these firms generated 110,793 jobs in Britain up from 104,783 in 2019.
The total turnover of these companies added up to GBP 41.2 billion, with corporation tax payments of GBP 462 million over the past year.
The report showcases the continued strength of UK-India trade and the importance of India as one of our most critical bilateral investors and job creators, supporting over 110,000 jobs, with half of them outside London, said Lord Gerry Grimstone, UK Minister for Investment, at a virtual online launch of the report.
More trade is essential if the UK is to ...