On Monday, finance minister Arun Jaitley said "UK must realize the importance of Indian students to its economy because they help "subsidise" education costs in London." The statement was made in reference to a major drop in students going to UK over the past few years. He also mentioned that other countries are more welcoming.
"They (the UK) have to realize that when international students come here (Britain), they subsidize the educational costs here," he said.
"We already have a reality where the quantum of students coming into the UK is declining and other jurisdictions are available. The UK also is a part of the competitive market in that area," Jaitley said.
Representing the India Government the Union minister for Finance and Corporate Affairs is in the UK at a special reception which is hosted by Queen Elizabeth II at Buckingham Palace for launching the UK-India Year of culture.
"It is a great positive gesture that her majesty herself is hosting a reception to mark the UK-India Year of Culture. This only re-emphasizes the importance which is attached to the Indo-UK relationship," he said
The minister also attended the special ceremony at the London Stock Exchange and attended the round-table with the investors where he also met Liam Fox, UK Minister for international, afterwards. "There is a huge mindset change in India with much greater support for reform activity. India being a democracy has its own dynamism and decision making process. Nothing in India is ever ruled out," he said.
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