• Rajasthan

    Cong 102
    BJP 72
    RLM 0
    OTH 25
  • Madhya Pradesh

    BJP 110
    Cong 109
    BSP 5
    OTH 6
  • Chhattisgarh

    Cong 67
    BJP 15
    JCC 7
    OTH 1
  • Telangana

    TRS-AIMIM 84
    TDP-Cong 24
    BJP 3
    OTH 8
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

India growing faster than any economy, providing opportunities, says Former British PM David Cameron

By: | Published: July 19, 2018 6:17 PM

Former British prime minister David Cameron today said India was growing faster than any larger economy and providing opportunities.

India Business News, economy, indian economy, jobs, economy news, job alert, Business News, Business Latest News, david cameronCameron, who was the British prime minister from 2010 to 2016, said that trade and investment were not zero sum game.

Former British prime minister David Cameron today said India was growing faster than any larger economy and providing opportunities. “It is important to focus on possibilities, good and bad, while remain mindful of the threats which the world is facing now,” he said at a session of the Indian Chamber of Commerce (ICC) here. “Relationship between the two countries was one of the priorities during my premiership. The UK invested more in India among the G20 countries and our country was one of the recipients of the biggest Indian investment by the Tatas”, Cameron said.

Cameron, who was the British prime minister from 2010 to 2016, said that trade and investment were not zero sum game. Today, he said, there was backlash against market economy and emergence of strongman politics. “Our two countries will flourish when markets operate. India is at the potential stage of take-off with 7 per cent growth”, he said.

Cameron said that there was a growing move towards protectionism and isolationism on the premise that free trade was unfair. “What I feel is that there is no need to change the system but to reshape the course”, he said. “Let us fly the flag of trade and cooperation. India should get permanent membership in the UN Security Council as well”, he said. Criticising US President Donald Trump’s move to impose duty on Indian steel, he said, “Indian prime minister has to show that he is strong.”

Also disagreeing with Trump’s view on trade deficit, Cameron said it was normal that some country would have deficit and some surplus. “If all the countries have trade surplus, then who will have deficit”, he asked. Talking about Indian leadership, he said, “India is fortunate to have leadership with clear vision. When I met Narendra Modi in 2006, he had deep thought about the long-term problems.

Cameron also said that there was also an existential threat due to climate change, he said that environment would have to be protected and regretted the US decision to walk out of Paris climate accord. He said India was facing challenges in infrastructure and skill development.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition