Skip to main content

India second largest job creator in UK, says Department of International Trade

Although the DTI report has estimated job creation figures for 2015 there is uncertainty as to how Brexit will affect the outflow of FDI into the UK. Photograph: (Getty)

WION Chennai, Tamil Nadu, India Sep 07, 2016, 04.47 AM (IST)
A report by UK's Department of International Trade (DIT) reveals India has emerged as the second largest international job creator in the last fiancial year. 

India also retained its spot as the third largest source of foreign direct investment in the UK, Indian news agency PTI reported today quoting DIT. 

In 2015, Indian companies created 7,105 jobs through 140 projects the report revealed. While US created 25,694 jobs taking the lead, Germany came third with 5,291 jobs from 99 projects.

Liam Fox, secretary of state for International trade said the UK has broadened its reach with emerging markets, on his three-day visit to India.

India is also the third largest investor in bringing foreign direct investment (FDI) to the UK for the second time.

China is ahead of India with 156 projects while the US provided 570 projects, becoming UK's largest source of inward investment.

In 2015, there was a 65 per cent increase in foreign direct investment flow from India to the UK, creating 7,730 jobs and saving 1,620 more in th eyear 2014-15.

Dominic Asquith, British high commissioner to India said, "With India we share a two way relationship of growth as the UK is also India’s largest G20 investor."

Although the report has estimated job creation figures for the last financial year, there is some fear as to how Brexit will affect the outflow of FDI to the UK.

(WION with inputs from PTI)
Show Comments
  • delete