Source: The Times Of India

June 28th 2008

MUMBAI: Economic forecasts predict that India will overtake the UK and become the world's fifth largest economy within the next 10 years, the third largest behind China and the US by 2025 and the second largest economy after China by 2050.

The number of Indian companies in the West Midlands in UK has doubled since 2006. This year saw the biggest deal of all-Tata's acquisition of Jaguar and Land Rover, which made it the largest foreign investor in the region, employing over 13,000 staff. In a bid to forge more ties, an action plan has been put in place to seal new business and academic ties between the West Midlands and India.

Two-way trade between the UK and India is today worth $ 8.7 billion per year.