David Cameron has been visiting India again in an effort to drum up bilateral trade. Very laudable indeed. As we can see from Tata’s investment in Jaguar Land Rover the company has come on leaps and bounds since the Indian Conglomerate took over the ailing British company in 2008 with billions of pounds investment.
There are also many areas where UK companies can help India, particularly in developing infrastructure which is one of the main bottlenecks to growth in the country & in improving telecommunications.
India is a vast country both geographically and economically. With a GDP of nearly 2 trillion GBP it is on target to become 4th largest in the world around 2020 at current growth rates.
Of course, India is not without it’s problems:-
- Infant Mortality – 63/1000
- 320,000 deaths from diarrhea per annum
- Sanitation coverage 31 %
- Only 15% of rural population has access to a toilet.
- 29.8% below poverty line, most living on less than $2 per day.
India has come a long way in the last 20 years but it also has a very long way to go in eradicating poverty & disease within it’s own boundaries. Hopefully David Cameron can persuade his hosts to address these issues as well as selling them a few helicopters.