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Facts need to know about India-UK relation
The
UK
is
home
to
ethnic
Indian
population
of
over
1.6
million.
Prime
Minister
David
Cameron
described
Indian
-
British
relations
as
the
"New
Special
Relationship"
in
2010.
Below
are
facts
need
to
know
about
India-UK
relations.
- UK is India's largest G20 investor.
- UK was a partner country at Vibrant Gujarat 2015.
- In 2014 the UK invested $3.2 billon in India, more than any other G20 country and more than Japan ($1.7 billion) and the US (just under $1 billion), who were ranked 2 and 3 respectively, combined.
- India is one of the biggest investors in the UK and invests more in the UK than it invests in the rest of Europe combined.
- Despite a slowdown in both UK and Indian economies, bilateral trade grew by almost 50% from ~£11 billion to ~£16.5 billio from 2008 to 2013.
- According to Thomson Reuters' India M&A review for FY 2014, the UK is currently the top investor in Indian companies in terms of value of M&A activity, investing US$2.9 billion in 23 announced deals, and accounting for 25.3% of India's inbound activity during 2014.
OneIndia
News
(With
inputs
from
various
sources)
Comments
Story first published: Saturday, May 9, 2015, 15:09 [IST]