UK aid to India: £825 million over three years
UK foreign direct investment in India in 2007: £2,500 million (excluding Vodafone/Hutchison deal of £5,500 million).
UK imports from India: £397 million per month
UK exports to India: £213 million per month (see previous link)
Labour news: Sue Gray and budget update
47 minutes ago
7 comments:
Mark,
can you find out the Inward Investment in the UK from India? For example Tata's invesmnet in Jaguar/LandRover.
Cheers,
marksany
From the second link:
"During the past two years the drive of Indian investments into the UK has been more eye-catching. Deals include the $14bn acquisition of Corus by Tata Steel, Tata’s $2.3bn takeover of carmakers Jaguar and Land Rover, and United Breweries’ purchase of whisky distiller Whyte & Mackay."
If we exported a massive amount to India and imported hardly anything from them, we would slowly export all or goods and services leaving ourselves poor in what matters.Then what currency would the Indians use to buy our stuff? Would we have to buy their goods to provide them with a tradeable currency so they could buy from us?
dbc, as it happens, the trade balance is the other way round, as the figures show. So (hopefully) their living standards will rise to Western levels (rather than our living standards falling to theirs!)
Don't worry about the capital account stuff. Whether British Steel aka Corus is owned by a UK multinational or an Indian magnate is neither here nor there from the point of view of a steelworker or the international steel market.
Measured just in goods, our balance of trade means that we get tons of Indian goods in return for sending them a smaller amount.
If you take money into account, you have the problem of exchange rates which work to their disadvantage.
If they are so rolling in in the receipts of their export trade,why do we have to have an Export Credit Guarantee Department to send them loans so they buy our goods?
Not keen on foreign ownership of "our firms". What happens when Saudis/ islamic fundamentalists gain control, rather ,gain more influence?
ECGD is corporate welfare and should be scrapped.
As to foreign ownership, I've covered this here.
If Indian exporters and owners of "our firms" were awash with sterling as the terms of trade imply, they would n't need loans etc to buy our stuff.Obviously it is mere corporate welfare but somebody, some time, must have thought it plausible to give the corporate wasters Guvmnt help to shift their no doubt over-priced goods to Johnny Foreigner, who would n't otherwise have the cash.
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