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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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