<h1>Indian-owned UK businesses surge 23% to 1,197 companies following UK-India Free Trade Agreement finalization</h1> The 12th edition of a business tracker was launched by India's Commerce Minister, revealing a record 23% year-on-year increase in Indian-owned UK businesses, totaling 1,197 companies. This surge follows the finalization of the UK-India Free Trade Agreement, which is projected to contribute lb4.8 billion to UK GDP annually. Technology, Media, and Telecom sectors lead growth at 31%, followed by pharmaceuticals at 22%. London hosts 47% of the fastest-growing companies, with the South of England accounting for 24.3%. The tracker serves as a key indicator of bilateral economic health between the two nations.