British firms eager to invest in India
The UK India Business Council’s (UKIBC) fifth annual Doing Business in India report, which was released on Wednesday, revealed that about 56% of those firms that were surveyed said that it is getting easier to do business in India. Their perception about corruption being a barrier to operating in India saw a sharp drop. Further, 26% of them said that they planned to do more business with India as a direct result of the UK leaving the EU. The UKIBC also stated that this will be a further boost to the flow of goods, services and investment between the two countries.
The findings were based on a round-table in London with Union Commerce Minister Piyush Goyal, and a survey that captured the views of UK companies and higher education institutions on operating environment in India and their reform priorities.