New report quantifies Indian diaspora's contribution to UK economy

London: Indian diaspora-owned companies with a combined revenue of 36.84 billion pounds employ over 174,000 people and pay over 1 billion pounds in Corporation Tax, according to a first-of-its-kind research.

The 'India in the UK: The Diaspora Effect' report, released here on Tuesday, analysed data related to 654 Indian diaspora-owned companies in the UK with a turnover of at least 100,000 pounds and found that they collectively invest around 2 billion pounds through capital expenditure .

The report, produced by Grant Thornton UK jointly with the Indian High Commission in London and the Federation of Indian Chambers of Commerce and Industry (FICCI UK), zeroed in on a select few of an estimated total of over 65,000 diaspora-connected companies.

"This report does not claim to be an exhaustive record of the full contribution of the UK businesses owned by the Indian diaspora. It covers over 650 relatively large businesses owned by the Indian diaspora, which were looked at i ..

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