India has become the Second Largest Source of FDI for the United Kingdom

Highlights:

  • The statistics for the number of Foreign Direct Investment (FDI) projects in the Financial Year 2019-20 in the United Kingdom was released on 10th July 2020 by the United Kingdom Government’s Department for International Trade (DIT).
Details Analysis:
  • As per the Figures provided by DIT, the second-largest source of FDI in the United Kingdom is now from India.
  • United States continues to be the number one source of FDI in the United Kingdom with 462 projects resulting in 20,131 jobs.
  • Having invested in 120 projects, India has moved to second place. 
  • These 120 projects have resulted in 5,429 jobs. In Financial Year 2018-19 India was in third place with 106 projects that resulted in 4858 jobs.
  • In Financial Year 2019-20, Germany, France, China, and Hong Kong were the 3rd, 4th, 5th, and the 6th largest source of FDI for the United Kingdom respectively.
  • FDI to the United Kingdom has witnessed an overall 4 percent increase in the Financial Year 2019-20 as compared to the previous Financial Year.