LONDON: British MP Lord Karan Bilimoria on January 19 referred to Prime Minister Narendra Modi as “one of the most powerful men on the planet”, underscoring the importance of Britain’s relationship with the fastest-growing major economy in the world. .
UK MP Lord Karan Bilimoria said, “To conclude, as a boy, Narendra Modi sold tea at his father’s tea stall at a railway station in Gujarat. Today he serves as the Prime Minister of India.” One of the most powerful people on the planet.” Parliament debate.
“Today India has the Presidency of the G20. Today India has the vision of becoming the world’s second largest economy with a GDP of USD 32 billion in the next 25 years. The Indian Express has left the station. It is now The world’s fastest train – the world’s fastest growing major economy. The UK deserves to be our closest and most trusted friend and partner for decades to come.’
Lord Bilimoria during the debate on ‘The importance of the relationship between the United Kingdom and India’ said that India has now overtaken the UK as the world’s fifth largest economy and is also the fastest growing large economy in the world. 1.4 billion people.
“With 75 years of democracy, it is a young country. It had a growth rate of 8.7 per cent in the last financial year, and has contributed to the top 10 unicorn companies with over 100 unicorns. It is also the fourth largest producer of renewable of energy and solar energy,” he said.
Lord Bilimoria said, in every aspect, India is going from strength to strength, including during the pandemic when it partnered with the Serum Institute of India at Oxford University and AstraZeneca. On the trade front, the UK MP said the UK-India Free Trade Agreement is a great step forward.
“Although we currently trade at £29.6 billion, India is only the UK’s 12th largest trading partner. This is not enough; it should be much more,” he said.