Indians have significantly contributed to the economic growth and development of the United Kingdom

Financial London Mayor Sadiq Khan unveils ‘Growth Plan’ scheme

London (Britain) – Britain, which once ruled India, is now seen bowing down to India’s economic might. Britain now depends on Indian investment, talent, etc. for its progress.Recently, London Mayor Sadiq Khan introduced an ambitious ‘Growth Plan,’ highlighting India as the ‘largest source of foreign investment.

1. As part of this development plan, London aims to boost its economy by £107 billion over the next decade, while generating an additional £27 billion in tax revenue for public services.Indian investment and skilled professionals are expected to play a pivotal role in realizing this ambitious vision.

2. Laura Citron, CEO of London & Partners, highlighted that foreign direct investment from India has been growing rapidly and has been the top source for the past two years.

3. It indicates, Indian technology firms are now making their mark in London, contributing significantly to the city’s economic resurgence. Moreover, Indian students and tourists are helping to rejuvenate the UK economy.

4. According to official data for the 2023-24 academic year, the number of Indian students in London has reached 38,625, marking a fourfold increase over the past decade.

5. Mark Hartlin, Chairman of the London Higher Education Network, stated that Indian students now make up 20% of all international students in London, becoming a vital part of the city’s fabric and strengthening the ties between the two nations.

Editorial Perspective

It is ironic that the United Kingdom, which once colonized India for over 150 years and plundered it, now relies on India’s contributions for its economic advancement.