India on track to becoming third largest economy by 2028, economic superpower in the making: UK Prime Minister
(source : ANI) ( Photo Credit : ani)
Keir Starmer, the British Prime Minister, flew to Mumbai on Thursday to celebrate a new chapter in UK‑India ties. He said the two nations are building a partnership that will help India reach the rank of the world’s third‑largest economy by 2028 – a milestone that the UK is ready to support.
Starmer highlighted that the United Kingdom already has one of the world’s biggest tech sectors, worth over a trillion dollars, and that India is on track to become the fourth‑largest. “Both of our countries are top‑four AI powerhouses,” he told the press, stressing that the new trade deal will fuel growth in technology, life sciences, renewable energy and more.
The deal, called the Comprehensive Economic and Trade Agreement (CETA), is a record‑sized pact. It promises duty‑free access for 99 % of Indian goods that the UK buys. That includes textiles, leather, footwear, sports equipment, marine products, and fast‑growing sectors like engineering goods, auto parts and organic chemicals.
The agreement is expected to bring £1.3 billion in new British investment to India and create 10,600 jobs in the UK. Starmer named 1,500 jobs for the North West, over 1,000 for the Midlands, 200 for Yorkshire and the Humber and 700 for Northern Ireland.
During the week, the UK sent its biggest trade delegation to India ever. More than 120 CEOs, tech entrepreneurs, small‑business leaders, university heads and cultural figures joined Starmer on the trip. He said the meeting sparked “real ideas, genuine enthusiasm and fresh collaboration.”
Prime Minister Narendra Modi also hosted a joint meeting with Starmer in Mumbai to discuss the CETA signing. Modi praised India’s “growth story” and ‘Viksit Bharat’ vision of becoming a fully developed country by 2047. The leaders agreed that India should earn a permanent seat on the United Nations Security Council, a move the UK supports.
Starmer described the CETA signing as a “breakthrough moment” that extends the UK’s reach in a region where both nations see peace and stability as vital. The UK and India also spoke about the Indo‑Pacific, West Asia and the conflict in Ukraine, reaffirming their shared commitment to diplomacy and dialogue.
In short, the UK‑India partnership is moving from words on paper to action. With wide‑open market access, massive investment, job creation, and shared tech ambitions, the two democracies are set to shape a future that moves India closer to becoming the world’s third‑largest economy while reinforcing UK leadership on the global stage.
Source: aninews
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