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19 July 2018
 |
| Former British prime minister David Cameron(The Total Investment & Insurance
Solutions) |
Former British prime minister David Cameron
today said India was growing faster than any larger economy and providing
opportunities. “It is important to focus on possibilities, good and bad, while
remain mindful of the threats which the world is facing now,” he said at a
session of the Indian Chamber of Commerce (ICC) here. “Relationship between the
two countries was one of the priorities during my premiership. The UK invested
more in India among the G20 countries and our country was one of the recipients
of the biggest Indian investment by the Tatas”, Cameron said.
Cameron, who was the British prime minister
from 2010 to 2016, said that trade and investment were not zero sum game.
Today, he said, there was backlash against market economy and emergence of
strongman politics. “Our two countries will flourish when markets operate.
India is at the potential stage of take-off with 7 per cent growth”, he said.
Cameron said that there was a growing move
towards protectionism and isolationism on the premise that free trade was
unfair. “What I feel is that there is no need to change the system but to
reshape the course”, he said. “Let us fly the flag of trade and cooperation.
India should get permanent membership in the UN Security Council as well”, he
said. Criticising US President Donald Trump’s move to impose duty on Indian
steel, he said, “Indian prime minister has to show that he is strong.”
Also disagreeing with Trump’s view on trade
deficit, Cameron said it was normal that some country would have deficit and
some surplus. “If all the countries have trade surplus, then who will have
deficit”, he asked. Talking about Indian leadership, he said, “India is
fortunate to have leadership with clear vision. When I met Narendra Modi in 2006, he had deep thought about the
long-term problems.
Cameron also said that there was also an
existential threat due to climate change, he said that environment would have
to be protected and regretted the US decision to walk out of Paris climate
accord. He said India was facing challenges in infrastructure and skill
development.The Total Investment &
Insurance Solutions
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