February 18th 2025.
During her visit to New Delhi, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman had a productive meeting with former UK Prime Minister Rishi Sunak on Tuesday. The two leaders discussed various potential avenues to strengthen the market-based financial ties between India and the UK, with a focus on driving economic growth.
Sitharaman emphasized the importance of leveraging the Commonwealth to address issues of mutual interest and bring them to the forefront of the G7 agenda, for the benefit of the Global South. This aligns with Prime Minister Narendra Modi's commitment to advocating for the priorities and concerns of developing nations, which he had highlighted during his address at the G7 summit in Italy's Apulia region in June.
PM Modi had highlighted the challenges faced by countries in the Global South, stating that they are often adversely affected by global uncertainties and tensions. He had also stressed the need for more diverse representation in global governance, particularly by including the African Union as a permanent member of the G-20 during India's chairmanship.
The Prime Minister also called for an end to the monopoly of advanced countries in technology, and stressed the importance of international governance in the field of artificial intelligence (AI). He had also mentioned India's leadership in this area, as one of the first countries to develop a national AI strategy and launch the AI Mission with a focus on 'AI for All'.
During his address, PM Modi had also outlined India's energy principles, which include availability, accessibility, affordability, and acceptability. He had pledged to work towards achieving Net Zero by 2070 and called for a collective global effort to promote a sustainable future.
Sitharaman's meeting with Sunak comes soon after External Affairs Minister S Jaishankar's meeting with the former UK Prime Minister on Monday. The Finance Minister also exchanged pleasantries with Sunak during a cultural event at the G20 Summit in New Delhi, where they discussed issues of mutual interest and potential areas of collaboration.
In addition, Sunak had expressed his constant support for strengthening India-UK relations, which was appreciated by the External Affairs Minister. Jaishankar had also shared some photographs of their meeting on social media. Overall, the meetings between Indian and UK leaders highlight the importance of cooperation and collaboration between the two nations for mutual growth and development.
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