In marked contrast, happily, “Britain is much more welcoming. That is why we are seeing more investments from India to Britain than from Britain to India.”
Lord Paul does not think possible changes of government in India next month or in the UK next summer will greatly affect bilateral trade. At the moment, the Indian economy, in his opinion, “is not doing well. The main problem is that inflation is very high”.
“Whoever gets elected has got to get hold of the corruption problem by the neck because without that I don't think the Indian economy can improve,” he said.
Did he subscribe to the opinion held by some that Narendra Modi's prime ministership would be good for the Indian economy? Lord Paul would not be drawn on the politics but he said; “If you go by the Gujarat experiment I have no other choice but to agree. Gujarat is the plant where we have had no complaints, no unhappiness: the rest time will tell. But a change is good for any country.”
