Grant Thornton UK LLP’s India Tracker 2014 report released in the first week of April 2014 claimed that Indian companies are playing an increasingly important role in the British economy. The report claimed that the Indian companies contribute to positive GDP and employment growth in the country.
The report has been developed in collaboration with the Confederation of Indian Industry and it monitors UK registered businesses with Indian parent companies and identifies, the fastest growing corporate by measuring their turnover and employment size. The report was launched by Ranjan Mathai, the High Commissioner of India at an exclusive dinner, which was attended by some of the fastest growing and largest Indian employers.
In its finding it claimed that at present over 700 Indian-owned small to large-sized business are available in the UK and is employing over 10000 individuals, collectively. The report has also claimed that the top 41 fastest-growing Indian companies in the UK generate some 19 billion Pound (£) of turnover – although this figure is dominated by Tata Motors, which accounts for more than 80% of the total.