Immediately after the war between India and Pak’stan broke out the Financial Times did a survey of British investment in those two countries and the likely affect of the war on the investment. This article was very infornmative and confirmed the thesis that the granting of political independence to India and Pakistan did not mean the end of economic exploitation. Quoting Board of Trade figures, the paper estimated that "the U.K.'s total stake in private industrye.eeenow totals around €£425million." The bulk of this is in India where "at the end of 1962..the total net assets of U.K, companies in India (but excluding ail and insurance) were £256million." Further, "Taking oil and private investment together...gives a total of around £320 million in 1962 and £360 million today, the fifth largest investment by British countries in any country overseas,"
"Moreover, there are several indications that this figure...understates the true extent of British investment, First they represent assets at book value and in many cases...these book values are far below the current value of installations valued at replacement cost,."" Whilst British investment in these countries only amounts to about of all British investment abroad, British investment in India amounts to 65% of foreign investment in that country, and the figure for Pekistan is just under half,