Economic superpowers like India are changing the global economy: Rishi Sunak

“I see India as the Silicon Valley of Asia and the UK as the Silicon Valley of Europe.”


British Prime Minister Rishi Sunak on Monday hailed India's emergence as an “economic superpower” and pledged to create a dynamic and innovative economy driven by technological advances.

Sunak stressed that “there will be more change in the next five years than in the last 30 years” and spoke of “clear plans and bold ideas” to ensure a secure future for the EU in his security speech to the think tank Policy Exchange .

He also emphasized that “new and rapidly developing economic superpowers” ​​such as India, India and Nigeria are significantly transforming the global economy.

“We must be strategically and economically prepared, with a solid plan and greater national resilience, to face this period of instability with strength,” the British Prime Minister said of the current geopolitical situation.

Britain, which has had five Conservative prime ministers since 2010, is expected to hold elections later this year.

Sunak simply highlighted the resilience of the Indian economy, which has managed to mitigate the risk of a global economic downturn, including the impact of Covid-19, in recent years.

“I see India as the Silicon Valley of Asia and the UK as the Silicon Valley of Europe, so there is something we need to work on together,” said Jeremy Hunt, British finance minister, after talks with Finance Minister Nirmala Sitharaman in Delhi last September.

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