Post

U.K. India Business Council Says it's Easier to Do Business in India

U.K. India Business Council Says it's Easier to Do Business in India

More than those from any other country, U.K. businesses are increasingly investing in India. British companies in India now employ almost 800,000 people, representing an impressive one in twenty jobs in India’s organized private sector. Monitoring progress on the Ease of Doing Business in India is therefore important not only for U.K. businesses, but also for India’s wider economy.

Based on an in-depth survey of businesses with a combined turnover of $122 billion, the U.K. India Business Council (UKBIC) Ease of Doing Business Report highlighted the following:

–> 46 percent of U.K. Businesses responding had plans to expand their investments in India in 2019. Moreover 25% of those responding intend to direct this new investment eastwards – seeking new opportunities in states such as West Bengal, Assam, Meghalaya and Manipur.

–> The roll-out of Goods and Services Tax was cited as a contributor to the improved operating environment.

–> More respondents that before thought most progress had been made in the presence of quality infrastructure and telecommunication facilities.

–> 47 percent of respondents cited quick approvals and effective bureaucracy as one of their most important factors when deciding where to invest.

–> Only 25 percent of U.K. businesses saw corruption as a major barrier in 2018, as opposed to 51 percent in 2015. The drive to digitize government interactions was cited as a major reason for this.

Richard Heald, chief executive of UKIBC said, “This report not only highlights the state of the U.K.-India trade and investment relationship, it also underscores the positive steps being taken to make India a valued partner and destination of U.K. businesses. If anything, the improvements in ease of doing business further highlights the scale and geographic range of the opportunities for U.K. businesses within supply chains and across sectors. With BREXIT imminent, India represents an increasingly important and increasingly attractive market.”

Booklet on UKBIC in India

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries