The ‘UK India Business Council Ease of Doing Business Report’ has been released. It highlighted that UK businesses’ perceptions of corruption as a barrier to operating in India has halved since 2015. An in-depth survey of businesses with a combined turnover of USD 122 billion, the report found only 25% of UK businesses saw corruption as a major barrier in 2018, as opposed to 51% in 2015.
46% of UK Businesses responding had plans to expand their investments in India in the next 12 months. Since 2000, the UK has been the largest G20 investor in India, investing £17.5 billion and creating 371,000 new jobs, representing 10% of all FDI–related jobs in that period.
Source: Outlook India