Majority of Indian businesses view UK as key market for expansion

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Majority of Indian businesses view UK as key market for expansion - Business Standard

Quick Summary:

Grant Thornton's International Business Report (IBR), which surveys the expectations of around 3,500 senior executives in 31 economies every quarter, found that 89 per cent of mid-market Indian businesses referred to the UK in their growth preferences and 61 per cent of UK businesses had a similar view of India as a market for expansion.

The UK is seen as a preferred international destination for expansion by a majority of Indian businesses, according to a new analysis by business and financial adviser Grant Thornton UK released here on Wednesday.

A proposed India-UK free trade agreement (FTA), currently in the fourteenth round of negotiations, is seen as holding out great potential to further boost this two-way business attraction.