New Delhi. Every company in the world wants to establish its business in the huge market of India. Be it America or Europe. There is one such country that once kept India as a slave, but today its companies run a big business on the soil of India. The Indian economy also gets a 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 British companies do business in the Indian market. The profit these companies make from the Indian market can be estimated from the fact that every year these companies generate revenue of more than Rs 5 lakh crore in India alone. This information has been revealed by the recently released Britain Meets India 2024 report. This report has been released by Grant Thornton India and the Confederation of Indian Industry (CII).

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

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

Which state has the most companies?
Maharashtra is the most preferred place for UK 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.