|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
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|Hyderabad||Rs. 24140.00 (1.17%)|
India's dynamism puts the euro zone to shame, and this is where we need to be doing business, London Mayor Boris Johnson has said.
Johnson, who was on a six-day trip to New Delhi, said that India is a country of 1.2 billion, which is set to overtake China as the most populous place on earth.
According to the Telegraph, he said that India may have slowed in its frantic growth rate of three years ago, down to a mere 5 percent from 8 percent per year, but that is still about five times faster than the UK or any other EU country.
"With the eurozone seemingly heading for permafrost of gloom, India is the place we should be doing business," he said.
Indians are young, aspiring, dynamic, and democratic with a gloriously uninhibited press, he said.
He said that 40 years ago, perhaps even 30 years ago, bright young Indians might have thought first of finding a first-rate university education in London; and they still do.
"But we are facing stiff competition from the US. It is time - humbly but sincerely - to remind young Indian brain boxes and investors of the advantages of the UK," he said.
He said that as India expanded, the UK needs to build these partnerships.
He said that in the next 20 years, there are perhaps 30 Indian cities that will be using metro systems, which could give opportunities to the dozens of British engineering firms currently engaged on Crossrail, the largest such operation in Europe.
He said that it is the economic partnerships that offer the most extraordinary prospects. (ANI)