Britain's Prime Minister Theresa May (L) with Narendra Modi (R)(Reuters)
Britain's Prime Minister Theresa May (L) with Narendra Modi (R)(Reuters)

Pre-Brexit effect? Indian investment in UK up 321%

The United Kingdom is due to leave the European Union on March 29, 2019.
By Prasun Sonwalkar | Hindustan Times, London
UPDATED ON DEC 06, 2018 05:26 PM IST

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.

In the year to end 2018 Q2, the UK exports to India amounted to £7.9 billion (a 27.9% increase from year to end 2017 Q2) while British imports from India were £11.7 billion (a 15.1% 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.

In the year to end 2018 Q2, India was the UK’s 16th largest trading partner (accounting for 1.5% of total UK trade); 20th largest export market (accounting for 1.2% of all UK exports), and 14th largest import market (accounting for 1.8% of all UK imports)

“As we prepare to leave the European Union, foreign investors from around the globe are as confident as ever investing in the UK,” international trade secretary Liam Fox said.

“The significant rise in the amount of investment from Asia is evidence that the growing economies are important partners for the UK, relationships which I am committed to developing and deepening,” Fox said.

Overall, the value of the UK’s FDI stocks increased by £12.6% to £1,337 billion in 2017 compared with the previous year.

The financial services sector attracted more FDI than any other industry, accounting for 28.8% of the total inward investment, accumulating over £385 billion by the end of 2017.

SHARE THIS ARTICLE ON
app
Close
Former Tamil Nadu chief minister J Jayalalithaa’s memorial in Chennai. (HT FILE PHOTO).
Former Tamil Nadu chief minister J Jayalalithaa’s memorial in Chennai. (HT FILE PHOTO).

Jayalalithaa’s residence: Madras HC allows state to hold event on January 28

By Divya Chandrababu
PUBLISHED ON JAN 28, 2021 01:44 AM IST
  • Even though the case was posted for February 4, the court heard the case on Wednesday based on the request of the former Tamil Nadu CM's family.
Close
The court said there were 189 proposals regarding appointments pending with the government as on December 31.(Sonu Mehta/Hindustan Times)
The court said there were 189 proposals regarding appointments pending with the government as on December 31.(Sonu Mehta/Hindustan Times)

Fix timeline for judicial appointments, says SC

By Utkarsh Anand, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 01:40 AM IST
  • An apex court bench headed by Chief Justice of India (CJI) SA Bobde said that all endeavours should be made to ensure appointments come through in a time-bound manner.
Close
BJP leader Suvendu Adhikari made the allegations at a public rally in Jhargram on Wednesday. (ANI PHOTO).
BJP leader Suvendu Adhikari made the allegations at a public rally in Jhargram on Wednesday. (ANI PHOTO).

TMC rigged the 2018 panchayat polls, alleges Suvendu Adhikari

PUBLISHED ON JAN 28, 2021 01:26 AM IST
  • The TMC, however, has hit back calling it the height of hypocrisy and refuting the charges as baseless allegations.
Close
Security personnel guard Red Fort a day after protesters stormed the monument. (PTI)
Security personnel guard Red Fort a day after protesters stormed the monument. (PTI)

Cracks in stir after mayhem; farmers call off Feb 1 march

By Zia Haq, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 01:22 AM IST
  • Leaders of the Samyukt Kisan Morcha, the platform of farm unions leading the protests, on Wednesday apologised for the violent events in Delhi that have dented the credibility of the movement.
Close
France’s ecological transition minister Barbara Pompili, whose post is considered number two in the government, will begin her visit to India on Thursday. (TWITTER/@barbarapompili)
France’s ecological transition minister Barbara Pompili, whose post is considered number two in the government, will begin her visit to India on Thursday. (TWITTER/@barbarapompili)

India, France to sign two agreements during French minister's 5-day visit

By HT Correspondent | Edited by Sohini Sarkar
PUBLISHED ON JAN 28, 2021 01:03 AM IST
  • Singh and Pompili will preside over the signing of a letter of intent between the Solar Energy Corporation of India (SECI) and the French Development Agency (AFD) for developing a floating solar plant of up to 150 MW.
Close
HT Image
HT Image

Twitter suspends at least 500 accounts for ‘spam, manipulation’

PUBLISHED ON JAN 28, 2021 12:14 AM IST
New Delhi: Microblogging website Twitter on Wednesday took down at least 500 accounts for “spam and platform manipulation”, as the fall out of the farmers’ tractor rally that turned violent in Delhi on Tuesday
Close
HT Image
HT Image

Govt indicates offer to farmers still on table, channel for talks kept open

PUBLISHED ON JAN 28, 2021 12:13 AM IST
NEW DELHI Although the farmers’ protest march on Republic Day took a violent turn, leaving many police personnel injured and leading to the destruction of public property, government managers indicated on Wednesday that the Centre will keep its communication channels with farm unions open and its offer to put the three controversial agricultural laws in abeyance for 18 months will stay
Close
HT Image
HT Image

Punjab villages sombre after clash, still back stir

By Anil Sharma, Navrajdeep Singh, Avtar Singh and Mohit Khanna
UPDATED ON JAN 28, 2021 12:13 AM IST
Tarn Taran/Patiala/Sangrur/ludhiana Located roughly six kilometers from the holy city of Tarn Taran in northern Punjab, Piddi village has been in the limelight for decades as the home of Satnam Singh Pannu, a 65-year-old farm leader who founded the Kisan Mazdoor Sangharsh Committee (KMSC), an organisation of farmers and labourers with sway in the Majha region
Close
Union health minister Harsh Vardhan displays a vial of Bharat Biotech Ltd. Covaxin at the All India Institute of Medical Sciences in New Delhi on Saturday.(Bloomberg Photo )
Union health minister Harsh Vardhan displays a vial of Bharat Biotech Ltd. Covaxin at the All India Institute of Medical Sciences in New Delhi on Saturday.(Bloomberg Photo )

Covaxin effective on UK virus strain of Covid-19, says ICMR

ANI
PUBLISHED ON JAN 27, 2021 11:45 PM IST
An Indian Council of Medical Research (ICMR) study on Covaxin shows a comparable neutralization activity of the vaccinated individuals against UK-variant strain.
Close
Kolkata: West Bengal Chief Minister Mamata Banerjee during a Duare Sarkar programme at Nabanna, state secretariat, in Kolkata, Wednesday, Jan. 27, 2021. (PTI Photo) (PTI01_27_2021_000174B)(PTI)
Kolkata: West Bengal Chief Minister Mamata Banerjee during a Duare Sarkar programme at Nabanna, state secretariat, in Kolkata, Wednesday, Jan. 27, 2021. (PTI Photo) (PTI01_27_2021_000174B)(PTI)

Mamata Banerjee to meet select TMC leaders amid dissent among section of MLAs

UPDATED ON JAN 27, 2021 11:29 PM IST
  • Mamata Banerjee has recently appointed coordinators for the five assembly constituencies in East Midnapore district, the home turf of former TMC stalwart Suvendu Adhikari who joined the BJP on December 19.
Close
A healthcare worker gets a Covid-19 vaccine at Sion Hospital, in Mumbai on Saturday. (ANI Photo)
A healthcare worker gets a Covid-19 vaccine at Sion Hospital, in Mumbai on Saturday. (ANI Photo)

MHA issues Covid-19 rules, to be followed from Feb 1: All you need to know

By hindustantimes.com | Edited by Arpan Rai, New Delhi
PUBLISHED ON JAN 27, 2021 11:21 PM IST
In the fresh set of guidelines, which will remain in force till February 28, the MHA has allowed entry of all in swimming pools, which were previously opened for sportsperson only, and allowed cinema halls to increase the ceiling on people indoors.
Close
Andhra Pradesh chief minister YS Jagan Mohan Reddy has announced hefty cash incentives to gram panchayats who elect their leaders without any contest. (PTI PHOTO).
Andhra Pradesh chief minister YS Jagan Mohan Reddy has announced hefty cash incentives to gram panchayats who elect their leaders without any contest. (PTI PHOTO).

Jagan Reddy announces cash incentives for unanimous polls to gram panchayats

PUBLISHED ON JAN 27, 2021 11:11 PM IST
  • As part of the strategy, the Andhra Pradesh government on Tuesday issued an order announcing hefty cash incentives to be given to gram panchayats where sarpanches and ward members are elected unanimously without any contest.
Close
Prime Minister Modi will address the Forum's Davos Dialogue on January 28 via video conferencing, the Prime Minister's Office said in a statement.(Photo: BJP4India/ Twitter)
Prime Minister Modi will address the Forum's Davos Dialogue on January 28 via video conferencing, the Prime Minister's Office said in a statement.(Photo: BJP4India/ Twitter)

PM Modi to address World Economic Forum's Davos Agenda Summit tomorrow

By hindustantimes.com | Edited by Arpan Rai, New Delhi
PUBLISHED ON JAN 27, 2021 11:11 PM IST
The PM will be speaking on a range of subjects, including India's reform trajectory and increased usage of technology.
Close
In a tweet, Rajnath Singh said the firm commitment to deepen India-US defence cooperation was reiterated during the talks. (ANI File Photo)
In a tweet, Rajnath Singh said the firm commitment to deepen India-US defence cooperation was reiterated during the talks. (ANI File Photo)

Rajnath Singh speaks to US Defence Secretary Lloyd Austin

PTI, New Delhi
PUBLISHED ON JAN 27, 2021 11:10 PM IST
  • The defence ministry said Rajnath Singh received an "introductory telephone call" from the newly-appointed US Secretary of Defence Austin and that the two leaders reaffirmed their commitment to work together to strengthen defence cooperation and the strategic partnership between the two countries.
Close
An illuminated view of Victoria Memorial on the occasion of Netaji Subhas Chandra Bose's 125th birth anniversary in Kolkata.(ANI)
An illuminated view of Victoria Memorial on the occasion of Netaji Subhas Chandra Bose's 125th birth anniversary in Kolkata.(ANI)

Multimedia exhibition on Netaji at Victoria Memorial

PTI
PUBLISHED ON JAN 27, 2021 10:59 PM IST
The exhibition contains 125 stories on Netaji to commemorate his 125th birth anniversary.
Close
SHARE
Story Saved
OPEN APP