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2006 was Year of the Deal for India-Britain ties

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2006 was Year of the Deal for India-Britain ties

When Maverick Tory MP Enoch Powell once described the relationship between India and Britain as a shared hallucination, little did he realize that by 2006 this would reverberate with the tenor of currency and mega business deals. If 2005 was pejoratively described as the year of the Indian takeaway when thousands of British jobs were outsourced to India, 2006 can well be seen as the year of the Indian giveaway, with large investment by Indian enterprises creating jobs and spreading cheer across the British isles.

The story of India-Britain interaction during 2006 is essentially an economic one. The flow of Indian investments into Britain that began as a trickle in the late 1990s has now turned into a flood.

More : indiaenews.com

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