Los Angeles:
Union Secretary of Commerce and Industry Piyush Goyal, while interacting with Southern California’s business community, said this is a golden time to invest in India. The minister also invited all of them to be a part of India’s journey to become a developed country.
Minister Goyal is visiting the US for a week for various programs including the India-US Strategic Partnership Forum conference and the Indo-Pacific Economic Framework (IPEF) ministerial meeting.
“India has the advantage of demographic dividend. Our youth, the ambitious people that we have in India is the greatest opportunity and each and every one of them is connected to the world with access to the internet,” Minister Goyal told business.
“As we begin our journey to make India a developed nation, it is an important moment for us to reflect on where we will see India in the next 25 years. Amrit Kaal’s Next 25 Years, as Prime Minister Modi put it, will be India’s growth story.”
The minister urged the community to donate Made in India products, handlooms, handicrafts, khadi made by the artisans of India.
In his speech, Minister Goyal also said that India as an economy in 2047 could be seen as a driver of global growth.
Gaining access to the impact of the fundamental changes and structural transformation that has taken place in recent years, preparing India for rapid growth. CII estimates that by 2047 India will be a $35-45 trillion economy, taking us into the competition of developed countries, a prosperous country, a country that takes care of every citizen of the country,” Goyal said.
“We are proud to be the mother of all democracies. We are proud to have a vibrant judiciary and rule of law, robust media and transparent government systems.”
He quoted estimates from the trade association Confederation of Indian Industry and said India will be a $35-45 trillion economy by 2047, putting the country in the ranking of developed countries.
“I see an economy that at least in business and social terms has a USD 30 trillion economy, possibly as CII recently estimated. Working on the foundations that have been laid in recent years,” he said.
(Except for the headline, this story has not been edited by DailyExpertNews staff and has been published from a syndicated feed.)