Dr. Sushil Kumar Singh. India has become the fifth largest economy in the world, overtaking Britain. India’s GDP has reached 3.5 trillion dollars. Economist Jim O’Neill has also written that India will soon be one of the most influential countries in the world. There is no doubt that as India’s economy grows, along with its political, military and cultural power, global influence will also change. Meanwhile, Liz Truss has been elected the new Prime Minister of Britain. She has assured her country that she will get Britain out of the economic crisis. Even when Liz Truss was foreign minister, she had a positive attitude towards India.

Even during the Russo-Ukraine war, he avoided harsh comments about India. His approach has also been supportive in terms of defence, education, trade, environment etc., including strengthening India-UK ties. Anyway, whoever is the Prime Minister in Britain, India cannot be ignored. Liz Truss knows this too. Anyway, India and Britain have strong historical ties. The diplomatic relations between the two countries have received a new direction in recent years.

India considers Britain a gateway to trade in Europe. Liz Truss has previously traveled to India as a cabinet minister. She believes that India is suitable in every way for investment. Britain is an important importing country for India. In such a situation, the lease trust can give an early consent to the free trade agreement with India. Significantly, the annual trade between India and the UK is around 23 billion pounds and the UK expects to double this by 2030 through free trade.

It should be noted that by strengthening ties with India, Britain can create opportunities for itself in other countries of the Indo-Pacific region. An agreement has also been signed between the two countries in this regard in 2015. About 65 percent of the population of 48 countries of the world lives in this region. China has always had an eye on its mineral resources. Due to this, as part of its strategic policy to the countries of this region, it is capturing their ports by trapping them in debt trap. However, other countries are beginning to understand this move of China. India’s strategic organization Quad including America, Australia and Japan is the product of this. Through this, it has helped to crack down on China’s monopoly in the South China Sea. Despite this, nothing remains stable on the global stage.

It is difficult to predict the extent to which who will go in the fight for economic supremacy and access to the market. It is to be known that this year many agreements have been signed between India and Britain. In this, Britain has been asked to cooperate with India on the issue of technology and security of new fighter aircraft and water transport. Then a roadmap was also given to double the bilateral trade of both the countries by 2030. In fact, the change of power in Britain will not have any negative effect on India at all. Actually, India’s real concern is China. However, India’s close relations with European and American countries and Australia, Japan and South Korea are working to balance China.

India’s problem is that despite the tension on the border, its dependence on China for trade is not decreasing. However, it is not possible to completely eliminate trade with China. India wants to balance it. The best solution for this is to make the self-reliant India campaign a success. For this, Make in India has to be made successful first. British investment can be helpful in this. The role of new Prime Minister Liz Truss will be important in this. If she gives new heights to her relationship with India, it will prove beneficial for her as well. Above all, the UK will get a huge market for its products. Will get a credible voice in international forums. This will help in getting the UK economy out of trouble.

[निदेशक, वाईएस रिसर्च फाउंडेशन आफ पालिसी एंड एडमिनिस्ट्रेशन]

Edited By: Sanjay Pokhriyal