With an investment of $22.2 billion in five years, Britain has emerged as the G20's single-largest investor in India, according to a report published on Wednesday.
The Confederation of British Industry (CBI) published its first Sterling assets 'India Report' to account for investments between 2000 and 2015. According to the Pricewaterhouse Coopers (PwC) sponsored report, the UK invested $22.2 billion in India during the five-year period, representing 9 per cent of all foreign direct investment (FDI) in the country.
The investment was bigger than that of the US and Japan and substantially ahead of other European G20 nations, making the UK the largest foreign investor in India after Singapore and Mauritius. The report claimed that UK directly creates more jobs in India than any other G20 nation, with British direct investments generating over 137,000 jobs.