For more updates follow Grant Thornton Bharat on WhatsApp
Grant Thornton is an international network of separate and independent member firms established in more than 147 countries worldwide. Global Delivery works to provide innovative multi-disciplinary solutions across service lines and expertise areas, with a customer base that spans the entire global network of Grant Thornton. We serve international member firms through dedicated offshore teams based in India and work in bilateral corridors to connect businesses with partners, identify the best business practices in India and other parts of the world, and learn from them during our collaboration.
We combine technical skills, process rigour, tools, methodologies, overall structure and strategies to seamlessly deliver services across time zones through our local talent pool.
As Indian mid-market businesses plan to expand their global footprint, the UK has emerged as a favoured destination. Data from the International Business Report (IBR) Q2 2024, the world’s leading survey of mid-market companies, suggests that 89% of Indian mid-market firms view the UK as a key market for growth. Showcasing similar interest, around 61% of UK businesses identify India as a key market for their business expansion.
Grant Thornton has operated in the India-UK corridor for nearly three decades to identify growth opportunities for companies in both countries. Our annual India meets Britain Tracker measures the growing scale of Indian investment in the UK and monitors the fastest-growing Indian-owned companies and largest employers, while our annual Britain Meets India Report identifies the top UK companies in India in terms of revenue, growth and employment.
India and the UK share a dynamic relationship that encompasses robust trade relations, vibrant cultural exchanges and strong political ties. While the talks of a Free Trade Agreement (FTA) between the two countries are underway, a successful conclusion of its negotiations is expected to increase bilateral trade to over USD 100 billion by 2030. Out of the Indian businesses surveyed, 90% demonstrate a strong understanding of the FTA’s provisions and implications, and 92% believe that an FTA with the UK will propel them to explore more opportunities in this market.
Grant Thornton's global member firms are dedicated to supporting clients throughout their international ventures, whether it involves taking initial steps, entering new markets, or comprehending tax obligations in multiple jurisdictions. Our team of experts is committed to providing the necessary guidance to help you achieve your business goals effectively.
Grant Thornton's global member firms have established International Business Centres (IBCs) worldwide to aid clients in their international expansion and exploration of business opportunities. If you intend to conduct business in India, understanding the investment environment and obtaining information about the corporate, accounting, business, and taxation framework are vital to ensure a successful journey. With its accredited IBC in India, Grant Thornton Bharat can provide the expertise and support to keep you on the right path.
