Strongly advocating outsourcing, British High Commissioner Michael Arthur Wednesday said cross-sourcing of services to where there is comparative advantage made good business sense.
Stating the British government was against "protectionism", Arthur said: "When the UK-based companies choose Indian partners, because they believe it makes good business sense, that must be good for the UK economy."
"And if India gains by being competitive, good luck to you," he said, adding that the British government had benefited from being one of the world's most open economies.
London also believed in leaving all individual decisions (on outsourcing) to the private sector, Arthur said.
Stating that Britain was the second largest investor in India, he encouraged New Delhi to complete the opening up of the markets to services like banking, insurance and law among others.
The envoy said science and technology and tourism were the two areas where Britain-India business relations were set to grow.
India's revenues from outsourcing are forecast to touch $5.1 billion in the fiscal year ending Mar 31, 2005 from about $3.6 billion in the previous financial year.
--Indo-Asian News Service