India gets business worth Rs 5 lakh crore from this country alone, 5.23 lakh people employed

New Delhi: Every company in the world wants to set up its business in the huge market of India. Be it America or Europe. There is one such country which once kept India as a slave, but today its companies run a big business on Indian soil. The Indian economy also gets revenue of more than Rs 5 lakh crore every year from these companies, while these companies have also given employment to 5.23 lakh people.

We are talking about Britain, which ruled India for about 200 years. Today 667 companies of Britain do their business in the Indian market. How much profit these companies make from the Indian market can be estimated from this figure that every year these companies generate revenue of more than Rs 5 lakh crore in India alone. This information has been revealed from the recently released Britain Meet India 2024 report. This report has been released by Grant Thornton India and Confederation of Indian Industry (CII).

This report states that 162 UK companies working in India have achieved a growth rate of about 10 percent. These companies have crossed the annual revenue of 50 crores. Most of these companies are related to education, technology and infrastructure sectors. These companies support investment and long term growth in the Indian economy.

Pallavi Bakhru, Head and Partner of India-UK Corridor in Grant Thornton India, says that India and Britain are negotiating a Free Trade Agreement (FTA). After its implementation, UK companies will be helped to expand their business in India. Not only this, it will also help India in achieving the goal of zero carbon by the year 2070. Britain can help India in expanding renewable energy.

Maharashtra is the most preferred place for British companies. 36 percent of the total UK companies work here. Apart from this, many companies are also present in Delhi-NCR, Karnataka and Tamil Nadu. About 63 percent of the UK companies doing business in India are from the MSME sector. Most of them work in industrial products, media, telecom and technology sectors.