BANGALORE:  India has now become the third biggest job initiator of 2014 as the country witnessed a 65 percent growth in Foreign Direct Investments (FDI). India played a massive role in creating 9,350 jobs in UK last year which falls second to U.S. (36,778 jobs) and Germany (9,727 jobs). However, Germany was reported to have lesser projects compared to  U.S., India or France.

UK Trade Investment Agency disclosed the date which revealed that India had created 7,730 new jobs while safeguarding 1,620 old jobs between 2014 and 2015. On the other hand, European countries such as Spain had created 3,646 jobs, Italy 2,193, Switzerland 1,489, Sweden 1,382, Norway 440 and Denmark 2,015, reports TOI.

Furthermore Australia shaped 4,012 jobs, while the Asian giants Singapore and Japan have reportedly formed 338 jobs and 3,873 jobs.

 "The scale of foreign investment is a huge success story which shows that Britain is the place to do business. This is a proof that our long term economic plan is working.,”said UK PM David Cameron.
The U.S. was registered as the single largest resource with around 124 projects and close to 13 percent growth from last year. France takes in the fourth position with a count of 8,198 jobs.

The project growth was recorded the highest from India with a 65 percent, last from 122 projects placing it the third largest source of FDI.  It has also topped as the largest source of FDI from an Asian country.
 

 "Our increased focus on emerging markets in recent years is starting to pay off. India has become the third largest source market for FDI projects and more than 500 opportunities have been generated through a new, private-sector led delivery model in other emerging markets,” said
Michael Boyd, managing director of UK Trade & Investment (UKTI).

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