India Emerges as London’s Top Source Market in Ambitious £107 Billion Growth Plan

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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#LondonGrowthPlan, #IndiaUK, #FDI, #SadiqKhan, #LondonEconomy, #IndianStudents, #TechExpansion, #Mphasis, #AI, #UKIndiaBusiness,