British ex-PM Cameron hails Modi's leadership

Image
IANS Kolkata
Last Updated : Jul 19 2018 | 4:15 PM IST

Hailing Prime Minister Narendra Modi, former British Prime Minister David Cameron on Thursday said that India is fortunate to have a leadership with clear vision, adding that the country should however focus more on developing skills and infrastructure.

"India is fortunate to have a leadership with a clear vision. When I met Prime Minister Modi I saw he has deeply thought about long-term problems," Cameron said in reply to a question at the Annual General Meeting of the Indian Chamber of Commerce here.

Earlier, in his speech, Cameron lauded Modi's flagship programme 'Skill India' but pointed out that such goals cannot be achieved by the government initiatives alone.

Terming India as the land of opportunities which has one of the fastest growing economy of its size, Cameron said that the prosperity of countries like India and UK depends upon markets to operate and enterprises to flourish.

"Britain became a successful economy through its desire to trade, invest, sell and innovate. While India by setting its enterprise free was able to lift 150 million people out of poverty in just two decades."

"India is one of the largest economy and is said to be one of the fastest growing economy of its size... for its further development the country should focus more on development of infrastructure and skills development," he said.

Cameron termed protectionism and isolationism in trade as major barriers to a country's growth and stressed on the importance of free trade between nations for sustainable economic development.

"Such tendencies perceive free trade as a bad thing. It is as if someone at some point is winning, another person has to be loosing. But it does not necessarily be that way. Free trade is the key to a nation's success," Cameron said.

"No one in the G20 invests more in India than the UK and there is no bigger foreign investor in the UK than India. We are proud of that because we benefit from each other's success," he pointed out.

Taking about the US-China trade war, Cameron said that instead of starting a trade war the UK aims to trade more with the communist giant and have a better business relationship.

Citing the example of South Korea that imparts skill training to 98 per cent of its students compared with 68 percent in the UK and just two per cent in India, Cameron said that countries like India and UK need to invest more in skills development.

Cameron also hoped that India would soon become a member of the United Nations Security Council.

--IANS

mgr/ssp/tsb/sed

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2018 | 3:58 PM IST

Next Story