You're arguing around the point. Which is worse? 6% average inflation over a decade or a marked increase in the span of 2 years from 2% to 12% with essentials being marked up as much as 30-40%? Obviously the latter is going to have a bigger impact on spending as income hasn't appreciated to keep up which means people are forced to spend merely to survive. The good news for you is that part of the inflation is just corporate greed.In 2014 overall inflation in India was 12% and it has averaged >6% for the last 10 years. In the UK it only briefly gone over 10% and the average is <2%.
View attachment 27124India Inflation Rate
Inflation Rate in India increased to 6.21 percent in October from 5.49 percent in September of 2024. This page provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.tradingeconomics.com
View attachment 27125United Kingdom Inflation Rate
Inflation Rate in the United Kingdom increased to 2.30 percent in October from 1.70 percent in September of 2024. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Brexit and Future of UK : Discussions
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India’s Tata Group to build $5 billion gigafactory in the UK
The Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian conglomerate set to invest more than £4 billion (around $5.17 billion) in the project. The news represents a significant boost for the U.K.’s plans to secure its own supply of EV batteries as it looks to move away from vehicles that use gasoline and diesel.
In a statement Wednesday, the U.K. government said the site would create as many as 4,000 direct jobs and provide Jaguar Land Rover — a subsidiary of Tata Motors — with batteries. Other customers in the U.K. and Europe are also being eyed. The government said the factory would generate thousands of extra jobs further down the supply chain, in sectors connected to critical raw minerals and battery materials.
“This investment will be crucial to boosting the UK’s battery manufacturing capacity needed to support the electric vehicle industry in the long term,” the government said. “With an initial output of 40GWh it will also provide almost half of the battery production that the Faraday Institution estimates the UK will need by 2030,” it added.
The gigafactory will be one of Europe’s largest. The aim is for production to start in 2026. So-called gigafactories are facilities that produce batteries for electric vehicles on a large scale. Tesla CEO Elon Musk has been widely credited as coining the term.
Batteries for Tata Motors' own future EVs may also be sourced partially from the UK facility
It’s been widely reported that the U.K. will provide Tata with significant subsidies for the project. The government said details of its support to Tata Sons would be “published in due course as part of our regular transparency data.” Speaking to the BBC on Wednesday morning, Grant Shapps, the secretary of state for energy security and net zero, said the news represented “certainly the biggest U.K. car investment for 40 years” and “a big vote of confidence in the British economy.” Pushed on the value of the incentive given to Tata, Shapps acknowledged it was “large and … I make no bones about that,” but would not give an exact figure. The numbers, he added, “will come out in the usual way, because of the commercial sensitivity.”
The U.K. wants to stop the sale of new diesel and gasoline cars and vans by 2030 and will require, from 2035, all new cars and vans to have zero-tailpipe emissions.
News about the gigafactory plans was welcomed by those within the industry. “This is a shot in the arm for the UK automotive industry, our economy and British manufacturing jobs, demonstrating the country is open for business and electric vehicle production,” Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said. “It comes at a critical moment, with the global industry transitioning at pace to electrification,” he added.
Production of batteries within the U.K. was, Hawes said, “essential if we are to anchor wider vehicle production here for the long term.”
India's Tata Group to build $5 billion gigafactory in the UK
The news about the gigafactory plans was welcomed by those within the industry.
Now India is outsourcing to UK for cheap labor...
"Pourquoi la France est-elle si riche ?" : la presse étrangère s’étonne de notre croissance
"Why is France so rich? the foreign press is astonished by our growth
Major Anglo-Saxon newspapers are trying to understand the resilience of the French model, despite social unrest, with growth outstripping that of our European neighbours.
From where I sit, everything looks grim. Pension reform has sent the country into turmoil, even though the French are among the world champions in terms of average time spent in retirement. Urban violence following the death of Nahel will leave a bill of at least a billion euros. For the first time, France's public debt has exceeded 3,000 billion euros. But in this period of national self-flagellation, it's worth looking to the foreign press to lift one's spirits. The Economist has just devoted a long article to France's 'hidden successes'. For the venerable British weekly, "one of the great mysteries of present-day France" is not our irrational consumption of frogs or putrid cheeses, but our economic survival despite record social spending and a revolutionary mentality. "A country with an aversion to change, a talent for rebellion and an immoderate taste for taxes still manages to do a lot of things right," notes The Economist, which points out that since 2018, France's cumulative GDP growth, albeit modest, has been twice that of Germany.
"Why is France so rich? the foreign press is astonished by our growth
Major Anglo-Saxon newspapers are trying to understand the resilience of the French model, despite social unrest, with growth outstripping that of our European neighbours.
From where I sit, everything looks grim. Pension reform has sent the country into turmoil, even though the French are among the world champions in terms of average time spent in retirement. Urban violence following the death of Nahel will leave a bill of at least a billion euros. For the first time, France's public debt has exceeded 3,000 billion euros. But in this period of national self-flagellation, it's worth looking to the foreign press to lift one's spirits. The Economist has just devoted a long article to France's 'hidden successes'. For the venerable British weekly, "one of the great mysteries of present-day France" is not our irrational consumption of frogs or putrid cheeses, but our economic survival despite record social spending and a revolutionary mentality. "A country with an aversion to change, a talent for rebellion and an immoderate taste for taxes still manages to do a lot of things right," notes The Economist, which points out that since 2018, France's cumulative GDP growth, albeit modest, has been twice that of Germany.
Can't see a massive difference.
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United Kingdom GDP Growth Rate
The Gross Domestic Product (GDP) in the United Kingdom expanded 0.10 percent in the third quarter of 2024 over the previous quarter. This page provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and...
tradingeconomics.com
France GDP Growth Rate
The Gross Domestic Product (GDP) in France expanded 0.40 percent in the third quarter of 2024 over the previous quarter. This page provides the latest reported value for - France GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction...
tradingeconomics.com
I don't know why UK always needs an additional leg to stand everywhere except in its domestic caretaking despite being a reasonable power, with high per capita income & resources? Is it lack of self-belief or risk taking capacity doesn't exist anymore what it has earlier?
India, UK may work jointly on Sri Lanka
The island-nation was hit by a major energy crisis last year which saw widespread power cuts and shortages of fuel.
www.livemint.com
@randomradio would accuse us of doing it for nefarious purposes other than development if we did it alone, by teaming up with India we have randomradio-proofed it.I don't know why UK always needs an additional leg to stand everywhere except in its domestic caretaking despite being a reasonable power, with high per capita income & resources? Is it lack of self-belief or risk taking capacity doesn't exist anymore what it has earlier?
India, UK may work jointly on Sri Lanka
The island-nation was hit by a major energy crisis last year which saw widespread power cuts and shortages of fuel.www.livemint.com
It's gonna happen one day.
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That's not outsourcing, it's building a factory in country to get around import tariffs and transportation costs.
Well, if if stops you accusing us of something I guess it's worth it.
Sri Lanka gets aid from many countries.