British MPs want US-style special relationship with India
Recognising that trade and takeovers have become the buzzwords in UK-India relations in recent years, a key House of Commons committee wants the Labour government to forge a special relationship with India.
"We need to establish a relationship as special with India as the one we have enjoyed with the United States," the Business and Enterprise Committee said in a report titled 'Waking up to India: Developments in UK-India Economic Relations'.
The phrase "special relationship" has been used to describe the largely positive political, diplomatic, cultural and historical relations between the United States and the United Kingdom. The phrase in this context originated in a 1946 speech by Winston Churchill.
The report, published this week, notes that there has been a "significant improvement" in economic relations between Indian and Britain since 2006, and mentions recent takeovers of British companies by Indian companies such as Tata and United Breweries.
The committee comprising MPs across party lines is chaired by the Conservative MP from Mid Worcestershire Peter Luff.
"The United Kingdom has woken up to India, but progress must not now be slowed in response to global concerns or expressions of doubt about India's future," the committee's report said.
"Even if India grows more slowly than other emerging markets, in a country of over a billion people the opportunities created would still be huge. The United Kingdom is uniquely well placed to take advantage of them, to the benefit of both partners," it added.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.