India to become world's largest economy by 2060: UK MP Karan Bilimoria
British Parliamentarian Lord Karan Bilimoria has predicted that India will become the world's largest economy by 2060. He said India has overtaken the United Kingdom and it's now the fifth largest economy in the world.
Bilimoria said ‘the whole world is looking up to India. India is now, without doubt, going to be one of the three superpowers in the world very shortly. Within 25 years, my prediction is India will have a GDP of 32 trillion dollars and would be the second largest economy in the world’. He also said ‘I go one step further, I believe by 2060 India would be the largest economy in the world. He expressed hope that the India-UK free trade agreement being discussed is ‘imminent’.
The UK lawmaker noted that trade between the two countries was increasing very rapidly and it is now over 30 billion pounds a year. He further said UK Prime Minister Rishi Sunak should lead a big delegation on a visit to India. The 1.7 million people of Indian origin like him who live in the UK are the 'living bridge' with India and it is a most successful minority community in the UK, including the PM of Indian-origin as well as many successful leaders in business and other spheres of life.
