On Friday, Union Minister of Commerce and Industry, Mr. Piyush Goyal, emphasized that India’s growth trajectory would propel its US$ 3.5 trillion economy to US$ 35 trillion within the next 25 years. Addressing the Amazing Goa Global Business Summit 2024, he stated that the 21st century belongs to India, with the nation set to become the third-largest economy globally within three years. He attributed this potential to India’s robust economic fundamentals, highlighting factors such as low inflation, strong foreign exchange reserves, and a favourable investment environment that has resulted in double the foreign direct investment (FDI) over the past decade compared to the previous one. He reflected on India’s progress from being part of the “fragile five” economies in 2014 to becoming the fifth-largest global economy. He noted that under Prime Minister Mr. Narendra Modi’s leadership, India would soon occupy the third spot.
Chief Minister of Goa, Dr. Pramod Sawant, also shared the state’s commitment to contributing to Prime Minister Mr. Narendra Modi’s vision, with plans to transform the state into a thriving hub for emerging industries, moving beyond tourism. Former Union Minister and the Chairman of the National Level Committee for drafting new National Cooperation Policy document, Mr. Suresh Prabhu, emphasized that under Prime Minister Mr. Narendra Modi’s leadership, India had become one of the least risky countries for investments, positioning itself as a trusted partner in global supply chains. The three-day Amazing Goa Global Business Summit 2024 will feature knowledge sessions, business-to-business meetings, and events to attract investment to the coastal state.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
