HYDERABAD: Lord Karan Bilimoria, member of the British House of Lords, has predicted that India will become the world’s largest economy by 2060.
India has overtaken the United Kingdom and it’s now the fifth-largest economy in the world, he said on the sidelines of the Investiture Ceremony of his alma mater, Hyderabad Public School (HPS), Begumpet, recently.
“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. I go one step further, I believe by 2060 India would be the largest economy in the world,” Lord Bilimoria said.
He expressed hope that the India-UK Free Trade Agreement being discussed is “imminent”. Trade between the two countries was increasing very rapidly and it is now over 30 billion pounds a year, the UK lawmaker noted.
Recalling the successful visit of the UK parliamentary delegation led by him in April this year to India, he said visits by big delegations, comprising business leaders, members of the press, Cabinet ministers and university leaders, should be recommenced.
He said UK Prime Minister Rishi Sunak should lead a big delegation on a visit to India.
