In his speech at the Policy Exchange think tank, Rishi Sunak, the UK Prime Minister, stressed that India is a fast-growing economy and presented his vision for a dynamic economy based on technological progress.
The Prime Minister of the UK has said that the next five years will bring about more revolutionary changes than the last three decades. He stressed the necessity of a clear plan and bold ideas to ensure the future of the British people.
Sunak is bringing out the new global economic environment. He pointed out the rapid growth of the economic powerhouses of India, Indonesia, and Nigeria. He highlighted the need to be strategically prepared, to have a strong economy, and to have robust plans to cope with the current geopolitical uncertainties.
The Prime Minister’s words emphasized the UK’s objectives and path for the future just before the coming elections. Sunak’s appreciation of the Indian economy’s resistance to global economic crises, for instance, the COVID-19 pandemic recovery, was proof that the Indian economy is a model for others.
Last September, Jeremy Hunt, the UK’s Chancellor of the Exchequer, voiced the same idea, saying that India can be Asia’s Silicon Valley and the UK can be Europe’s Silicon Valley, thus creating the perfect setting for the future through collaboration.
