Why do the UK and India need each other in today's volatile world?

London, Aug 15 (NationPress) The High Commissioner of India to the United Kingdom (UK), Vikram Doraiswami, emphasized on Friday the essential interdependence between the two nations in an increasingly unstable global landscape. He highlighted that the recently finalized comprehensive economic trade agreement will play a crucial role in propelling growth.

In a conversation with IANS in London, Doraiswami remarked, "The prospects are immense. The UK and India truly need each other in this particularly turbulent world, and it is significant that we have successfully concluded a comprehensive economic trade agreement after extensive efforts. This agreement is poised to greatly influence growth in both nations. Partnerships thrive on discovering mutual benefits, and the India-UK collaboration exemplifies that principle."

Furthermore, Doraiswami referred to the recently ratified Free Trade Agreement (FTA) between India and the UK, labeling it the "most visionary FTA." He expressed confidence that this agreement will substantially enhance India’s economic growth and potential.

"Over the past year, we've finalized our FTA with the UK, which is our most ambitious and forward-thinking Free Trade Agreement. This will greatly boost India's economic progress, not only through trade but also by enhancing opportunities in technology and education. With new universities launching, such as Southampton University being the first foreign institution to establish a campus in India, our youth will gain access to world-class education without needing to travel abroad. We are also exploring exciting partnerships with countries like the UK in advanced technology sectors. Bright days lie ahead; all we need is to put in the extra effort," Ambassador Doraiswami shared with IANS.

Signed during Prime Minister Narendra Modi’s visit to the UK in July, the FTA signifies a crucial turning point in India-UK relations, with expectations to elevate bilateral trade by approximately USD 34 billion annually.

Doraiswami also commented on PM Modi's address on the occasion of India's 79th Independence Day. This year’s speech marked Modi’s 12th consecutive address and was the longest ever from the Red Fort, lasting an impressive 1 hour and 43 minutes.

"On this 79th Independence Day, as the Prime Minister indicated, India has the chance to progress in various ways to enhance our economy's self-reliance and promote growth. The measures he announced include the upcoming GST reform by Diwali and initiatives around defense, particularly in jet engine indigenization. This is an exciting opportunity for India as we approach 2047, the centenary of our independence, or Amrit Kaal."