British Asian diaspora's economic contribution

Tuesday 16th April 2019 09:54 EDT
 
 

On 10th April at Prime Minister's Questions, Conservative MP Shailesh Vara, made a reference to the contribution of the British Indian disapora to the UK's economy.

“Does she agree that the diaspora should be commended for the fact that, despite comprising 4% of the UK population, they contribute some 10% of taxes to the Treasury?” asked the former minister of state for Northern Ireland.

The UK is India’s fourth largest inward investor and the Indian diaspora in the UK of around 1.5 million is not only one of the largest ethnic minority communities but also one of the most productive, contributing around 6 percent to the country’s GDP.

Theresa May took the floor of the Parliament to “welcome the contribution that the Indian diaspora make to our country. My hon. Friend has referenced the economic contribution they make through their taxes, but many of them run successful businesses that employ people up and down the country, many of them are successfully exporting from this country and supporting our economy.” she said.


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