India experiences colonialism role reversal as Britain scrambles to hook into their budding economy.
- The British Prime Minister, David Cameron, plans a visit to India that will focus on increasing trade between the two countries.
- Mr. Cameron’s trip indicates the global economy’s shift towards developing nations and his commitment to latch onto India’s booming business world.
- During Cameron’s trip he will ring the opening bell on the Bombay Stock Exchange, introduce a solar-powered mobile handset and deliver a speech entitled “U.K. and India: A New Economic Partnership” to bankers and businessmen.
Facts & Figures
- British companies Marks & Spencer and Bentley Motors have started investing in India in recent years to tap into new wealth.
Best Quote:
“India is an incredibly dynamic market that will grow substantially in the next five to 10 years.” - Stephen Phipson, President, Smiths Detection.
Tags: Britain, economy, global economy, India, stock exchange