Asians generate 103 bn pounds for UK economy

Britons of Asian origin, including Indians, generate a whopping 103 billion pounds for the UK economy, a study said.

Britons of Asian origin, including Indians, generate a whopping 103 billion pounds for the UK economy, a study indicated on Thursday.

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Although they constitute just 2.5 per cent of the total population, Asians account for ten per cent of the national economic output, the study by the Institute of Asian Professionals said.

Business leaders on the institute' Asian Power List include Non-Resident Indian steel magnate Lakshmi Mittal and Sir Gulam Noon, whose firm turns out 1.2 million ready-to-eat meals a week.

According to the latest Forbes report, Mittal is worth 25 billion pounds in 2005.

Chairman of the institute Khalid Darr said "the figures are quite staggering".

"Many on the list arrived on these shores without a penny to their name and they have built multi-million pound business empires", he said.

"Entrepreneurship, coupled with a wonderful work ethic, fuelled with a desire to better oneself, is a potent force driving the British Asian business community," he added.