India becomes the Second Largest Source of FDI for the United Kingdom

Daily Current Affairs - July 13, 2020.

The Department for International Trade(DIT) , Government of United Kingdom released the statistics for the number of Foreign Direct Investment(FDI) projects in the Financial Year 2019 -2020. As per the figure India is now the second largest source of FDI in the United Kingdom.

Key Points

• India has invested in a total of 120 projects in the UK and created 5,429 jobs in the Financial Year 2019-20.
• In Financial Year 2018-19 India was in the third place with investment in 106 projects that created 4858 jobs.
• United States continues to be in the number one spot with 462 projects in United Kingdom that generated 20,131 jobs.
• The FDI in the United States have witnessed an overall 4 percent rise in the Financial Year 2019-20 as compares to 2018-19.