February_2013_trade_mission_delegates_booklet
February_2013_trade_mission_delegates_booklet
February_2013_trade_mission_delegates_booklet
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India<br />
• PwC predicts that India is<br />
projected to be the 3rd largest<br />
economy in the world by 2050<br />
in terms of GDP<br />
• Over the next two decades<br />
India’s middle-class will grow<br />
to over 40% of population,<br />
creating the world’s fifth<br />
largest consumer market.<br />
India’s wealthiest will total<br />
around 24 million by 2025<br />
• India is the UK’s 18th largest<br />
export market for January to<br />
September 2012. In the first<br />
nine months of 2012, UK<br />
exports to India including<br />
goods and services was £5.3bn<br />
• Around 400 British companies<br />
already operate in India, in a<br />
wide range of sectors. In the<br />
last ten months UKTI has<br />
helped over 1,500 companies<br />
with their India strategy<br />
• There are over 700 Indian<br />
companies in the UK. India is<br />
the 5th largest investor and in<br />
2011 attracted 81 new projects<br />
from India generating 5,500<br />
jobs<br />
• Top five sectors where Indian<br />
companies have invested in the<br />
UK: information &<br />
communication technology,<br />
healthcare & pharmaceuticals,<br />
financial services, automotive &<br />
engineering and manufacturing<br />
• India estimates it needs to<br />
invest US$143bn in healthcare<br />
over the next five years to<br />
meet growing demand. The<br />
country has the second highest<br />
diabetic population in the<br />
world - at 62m - equivalent to<br />
the population of the UK<br />
• The Indian Government is<br />
seeking a huge expansion of<br />
both capacity and quality at all<br />
levels of the education system.<br />
Headline targets include<br />
creating 40m new university<br />
places by 2020, and 11,000 new<br />
secondary schools.<br />
The UK<br />
• The UK is the most open<br />
economy in Europe and is<br />
ranked first in Europe for ease<br />
of doing business according to<br />
the World Bank<br />
• The UK is the number one<br />
gateway to Europe, giving easy<br />
access to the 27 Member<br />
States of the European Union<br />
• The UK is the seventh largest<br />
economy in the world; its GDP<br />
is US$2,400bn<br />
• The UK has one of the lowest<br />
corporate tax rates in the EU,<br />
and one of the world’s most<br />
flexible labour markets<br />
• Since 2011, over £850m has<br />
been saved by businesses due<br />
to cuts in regulation<br />
• The ICT sector is one of the<br />
fastest-growing sectors in the<br />
UK, worth £140bn<br />
• The UK is one of the largest<br />
players in the world<br />
defence-aerospace market<br />
• London has ranked as the<br />
world’s leading financial centre<br />
since 2006<br />
• The UK has one of the world’s<br />
largest and most productive<br />
life sciences economies,<br />
including biotechnology,<br />
pharmaceuticals, healthcare and<br />
medical technologies<br />
• 75% of UK construction<br />
equipment production is<br />
exported to more than 150<br />
countries across the world<br />
• The UK is a world leader in<br />
providing educational resoures<br />
from pre-school to university<br />
and beyond. The UK has a<br />
world-class education sector,<br />
with four of the world’s top<br />
ten universities.<br />
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