India must be brimming with pride knowing how many political leaders and countries across the world want to share a slice of their economy’s success. Why successful Asians have even been passing on some of their tips to us. What has happened to our flagship British industry, I wonder, how did we lose our way?
It is admirable that India is on the crest of a wave, and everyone wants to get in on their action, David Cameron being the latest.
China a is keen too, as well as the USA and France, the last two countries seeking a deal regarding their future nuclear energy. So there is no doubt that India is an extremely influential country.
Although India appears keen to embrace some modern Western pleasures, it shares some of our concerns about casinos.
Before getting too carried away, we need to know if there will be enough rupees to go around.
Let’s certainly embrace international free trade, but knowing how much cheaper their labour is than ours, I’m not sure how truly competitive the UK is. Can anyone please explain it to me?
I didn’t know the Injured Cyclist was so creative, I really like the classy banner he designed which David Cameron is now using on his blog. Thanks to Raj for the Indian press weblinks.
Thank you for such an informative and interesting post. I have learnt a lot, too, from your excellent links.
Welshcakes Limoncello, I’m glad you found it interesting, I learnt a lot too by researching this topic.
I now wish I had said that David Cameron was trying to curry favour with India, but would that have been too corny? Maybe someone else has, it’s not that original, just a bit of fun.
Hi Ellie,
It is in part because of the presence of global trade that the focus of economic activity of developing countries has shifted from agriculture to manufacturing to services over time. Yes, labour-intensive manufacturing base will lessen due to better value imports, but this should allow labour and capital in developed countries to move into industries and sectors where the UK has a comparative advantage (in addition to reducing the cost of living). Managing this transition effectively is the key to facing the “modern world”. Ireland succeeded well in the 90s and there are other great examples (Switzerland, Dubai). What doesn’t work is when the people who lost their jobs in manufacturing a soaked into non-jobs in the public sector (Uk 1997 – ?)
Praguetory, thanks for this, you sound very knowledgeable. Reaching an agreement to suit all would obviously be wonderful. Btw, I have visited your site a couple of times today and can’t get the comment facility to work.
Thanks for the advice. Blogger seemed to have a few problems yesterday. I was struggling on some other people’s sites. Is your IT mentor going to be at conference on the blogging stand? I need all the help I can get IT-wise.
Thanks Ellee for the nice post. I agree with you that we indians are really proud of our economc success and we appreciate the way majot countries of the world want to be a part of our growth story. Not only in India,but our entrepreneurs and professionals are making name for themselves globally too, like Lakshmi Mittal and Indra Nooyi. But India has a long way to go and many political compulsions domestically also are restricting India’s growth. Irrespective of all the hurdles, India story is here to stay and I hope all the developed countries partner with India for mutual growth and development.
I’ll be linking your site to my Blog.
Pragetory, I hope you have sorted out your IT problems. Geoff has no plans to go to the conference as far as I know, hopefully there will be someone else to advise you.
Raj, I enjoyed your comment, India is certainly on the crest of a wave and attracting worldwide attention. Many thanks for the blogroll link.