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| India is more important to us than China - The Independent |
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| 04-01-2008 |
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China now; India next. This will be the year when the eyes of the world will be on China - the Games, of course, but also the country's pivotal point in the world economy, with Chinese demand surging on through the global downturn but also driving commodity prices to ever-greater heights. But it will be a year, too, when we will hear much more of that other awakening giant, India. It will, after all, be the year when the Indian company, Tata, is set to get control of Jaguar and Land Rover from Ford. Talks on the details are taking place right now. It took over Corus, itself formed out of British Steel, last year. Can the Indians make a go of these British icons where the previous owners failed? If they can, it will be not so much a case of the empire striking back, but rather the empire rescuing its former rulers. It occurred to me after a visit to India over the Christmas holiday, that from a British perspective, as opposed to an American one, what happens in India over the next decade will be even more important than what happens to China. We are certainly more prepared to have Indian companies invest in the UK, for we feel at home with India in a way that we don't with China. <br />
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<a target="_blank" href="http://comment.independent.co.uk/commentators/hamish_mcrae/article3307555.ece ">http://comment.independent.co.uk/commentators/hamish_mcrae/article3307555.ece</a> |
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