London: At the inaugural India Week, 800 delegates from the US, UK, and Europe joined more than 100 business and policy leaders from India, according to organisers on Tuesday.

The Economic Policy Group, a global advisory firm with headquarters in the UK, announced on Tuesday that a large number of cross-party policymakers had attended the event, which was held last week in England and was intended to start a global discussion about the growing importance of India in the global economy.

India, which is currently the most populous nation on earth, has the highest economic growth rate among developed nations right now, according to the organisation, and its inflation rate is lower than that of the US, the UK, and other developed nations. As Western nations' supply chains and geopolitical landscapes become more diverse,

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On May 7, a gathering in Leicestershire kicked off India Week, which was then followed by a conference on education and an awards ceremony in Oxford. On May 11 and 12, it relocated to London, where it was scheduled to attend a "Ideas for India" conference and two official dinners, one at the House of Commons and the other with K. T. Rama Rao, India's minister for Telangana's information technology, electronics, and communications, as well as for industries and commerce. Hyderabad serves as the state capital of Telangana, an Indian state in the south.

According to the Economic Policy Group, "KTR, as he is known, highlighted the remarkable progress made by Telangana in the last nine years (and) was optimistic that by doing things correctly, India could achieve what China could in less than 20 years."

"As India, we must concentrate on the fundamentals and basics the way Telangana did," Rama Rao said. In order to build an innovative future and position India as a leader in the fourth Industrial Revolution, we must concentrate on the farmer and the youth.

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Rama Rao and Anthony McCarthy, the chief information officer of the London Stock Exchange Group, signed a memorandum of understanding for the establishment of a technology centre of excellence in Hyderabad that is anticipated to generate up to 1,000 jobs, during the Telangana delegation's trip to the UK for the event.

British Minister of State for International Trade Nigel Huddleston stated that he was "delighted to speak to our friends from India during India Week and highlight how a free-trade agreement can benefit both nations."

A UK-India trade agreement, he continued, "is a huge opportunity for both sides and could strengthen our £36 billion ($44.9 billion) trading relationship and lower trade barriers."

"The conference showed the close links between our two countries and the important work that both of them do," said Ruth Cadbury, Labour's shadow minister for international trade.

The managing director of Economic Policy Group, Pratik Dattani, stated: "India is the most populous nation, the largest democracy in the world, and it has the fastest economic growth rate among major economies.

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Governments from all over India showed interest in working with foreign investors during India Week to bring fresh thinking, innovation, and investment to their cities