With India leading in foreign direct investment (FDI), student enrollments, and tourism, London’s new growth strategy aims to boost productivity and economic expansion by 2035.
March 9, 2025: London has unveiled an ambitious new ‘Growth Plan’ aimed at adding £107 billion to its economy by 2035, with India emerging as its top contributor in foreign direct investment (FDI).
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Launched by Mayor Sadiq Khan and London & Partners, the plan seeks to increase productivity by 2% annually over the next decade. This could generate an estimated £27 billion in additional tax revenue to support public services across the UK.
India: The Driving Force Behind London’s Economic Growth
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✅ Top FDI Source: India overtook the US as London’s largest FDI source in 2022-23 and maintained the position in 2023-24.
✅ Student Growth: With 38,625 Indian students enrolled in London universities in 2023-24, India now accounts for over 20% of international students in the city.
✅ Tech & Business Expansion: Indian IT firms, particularly in AI and quantum computing, continue to expand operations in London, with companies like Mphasis doubling their workforce at their London Innovation Hub.
✅ Tourism Boom: India has become one of the fastest-growing tourism markets for London post-Brexit.
Business & Education Leaders React
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🔹 Laura Citron, CEO of London & Partners, highlighted India’s importance:
“India is a critical, top market for London, whether in tech, education, or tourism.”
🔹 Mark Hertlien, Chair of London Higher’s International Network, praised Indian students’ contribution:
“Indian students now make up over 20% of international enrollments, creating lifelong ties between India and the UK.”
🔹 Ashish Devalekar, EVP at Mphasis, emphasized London’s role in innovation:
“Our London Innovation Hub will be a focal point for next-gen solutions in AI, quantum computing, and beyond.”
London’s Growth Plan: Key Objectives
📌 150,000 new jobs
📌 More affordable housing
📌 Major transport upgrades
📌 Boost to financial, AI, and creative industries
📌 20% income rise for London’s lowest-earning 20% households
Mayor Sadiq Khan called the plan a “golden opportunity to unlock London’s full potential,” ensuring growth benefits all Londoners and the wider UK economy.
With India’s continued dominance in FDI, education, and business expansion, it remains a key driver of London’s future economic success.
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