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Pre-Brexit effect? Indian investment in UK up 321%
Dec 07, 2018
Industry analyses have suggested Indian and other companies have held back on expansion or deferred opening new offices in the UK due to uncertainty over Brexit, but new official figures show investments from India was up 321% in the last year.
The figures from the Office for National Statistics show stocks from across Asia have increased by more than 33% in 2017 to £128 billion and stocks from Japan increased by 71% to £78 billion.
The greatest growth from any country has come from Indian investors, rising 321% to £8 billion,the department for international trade said.
The United Kingdom is due to leave the European Union on March 29, 2019.
Total trade in goods and services (ie exports plus imports) between the UK and India was £19.6 billion in the year to end 2018 Q2, a 20.0% increase from year to end 2017 Q2.
This means the UK reported a trade deficit with India of £3.8 billion, compared to a trade deficit of £3.9bn in year to end 2017 Q2, the department said.
Of the UK exports to India in the year to end 2018 Q2, £5.2 billion (65.7%) were goods and £2.7 billion (34.3%) were services. Of UK imports from India in the year to end 2018 Q2, £7.8 billion (66.9%) were goods and £3.9 billion (33.1%) were services.
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Agricultural & Processed Food Products Export Development Authority
(Ministry of Commerce & Industry,
Govt. of India)
NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
Phone : 91-11-26513204, 26514572, 26534186
Fax : 91-11-26526187