UK Prime Minister Rishi Sunak, on Monday, highlighted India’s emergence as an ‘economic superpower’ while committing to create a dynamic and innovative economy driven by technological advancements. In his speech on security at the Policy Exchange think-tank, Sunak emphasized that “more will change in the next five years than in the last 30” and outlined a “clear plan and bold ideas” to ensure a secure future for British citizens.
Sunak also pointed out that rapidly growing economic superpowers such as India, Indonesia, and Nigeria are playing a significant role in reshaping the global economy. He stressed the need for strategic and economic preparedness, along with enhanced national resilience, to navigate the current period of instability effectively.
The UK, which has seen five Conservative Prime Ministers since 2010, is anticipated to hold elections later this year. Sunak commended the Indian economy’s resilience, particularly its ability to withstand the challenges posed by the global economic downturn and the Covid-19 aftermath.
Following talks with India’s Finance Minister Nirmala Sitharaman in Delhi last September, UK Chancellor of the Exchequer Jeremy Hunt stated, “I view India as Asia’s Silicon Valley and the UK as Europe’s Silicon Valley, presenting numerous opportunities for collaboration.”
