UK becomes the largest G20 investor in India since 2000.
Q. Which is the largest G20 investor in India since 2000?- Published on 13 Sep 15a. US
b. UK
c. Turkey
d. None of the above
ANSWER: UK
UK pumped in USD 22.2 billion since March 2015, including 30 percent of all investments incurred by G20 economies in the nation, according to Confederation of British Industry. According to the industrial body, British companies employ 691,000 persons, which is 5.5% of total organised private sector jobs and revenue of USD 54 billion from operations in India. Conversely, India is also the biggest investor in the UK. India invests more in UK than the rest of the EU. An Indian company is UK’s largest manufacturing employer. British companies have created 58% of the jobs or 26,900 jobs in the chemical sector alone, injecting USD 5.8 billion, for example. Other important sectors where its presence is felt include drugs, pharma, food processing, services and PNG. Maharashtra, Delhi and TN account for 55% of all FDI into the country in 2014-2015. FDI has created 619,300 jobs in the services sector along with 194,100 jobs in the construction sector.
