The Confederation of Indian Industries (CII) has assessed the impact of the fundamental and structural shifts that have taken place over the past few years, predicting that by 2047 India will be a US$35-45 trillion economy, placing it within the developed world’s league. presumed to be deaf. said.
In calling on the Southern California business community to invest in India, Goyal said India as an economy in 2047 can be seen as a driving force behind global growth.
“Accessing the impact of the fundamental and structural shifts that have taken place over the past few years, India is poised for rapid growth. CII estimates that India will be a 35-45 trillion economy in 2047. We are a rich country, a country that cares about all its citizens,” Goyal said while addressing the Southern California business community.
“We are proud to be the mother of all democracies. We are proud of our vibrant judiciary, rule of law, robust media and transparent government system,” Goyal said. India as an economy in 2047 can be seen as the driving force behind global growth.”
“In the business and social case at least, we can probably see an economy that will become a US$30 trillion economy, as CII recently estimated, working on the foundations that have been prepared over the last few years,” he said. Told.
The Commonwealth Minister called on the Southern California business community to invest in India, calling India a golden age and the next 25 years of Amritkar to be a pivotal moment for the country.
“As we embark on our journey to make India a developed country, it is an important time to consider what India will look like in the next 25 years,” he said.
Goyal went on to say that the next 25 years of Amrit Karl will define India’s growth story, as Prime Minister Modi has articulated.
India has the advantage of a demographic bonus. Our young, ambitious people in India are the greatest opportunity, each and every one of them has access to the Internet and is connected to the world.
“This is a great opportunity to invest in India.I invite you all to be a part of India’s journey to become a developed nation.Made in India Products, Handicrafts, Handicrafts, Khadi Goyal said he called on the business community to be part of the journey to becoming a developed country.
Federal Minister Piyush Goyal is on a six-day trip to San Francisco and Los Angeles to attend the first Indo-Pacific Economic Framework (IPEF) ministerial meeting.
The IPEF Ministerial Summit in Los Angeles concluded on Friday with partner countries agreeing on ministerial statements on each of IPEF’s four pillars. supply chain; clean economy; and fair economy.
“Fruitful discussions took place during the course of the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting to bring together a group of like-minded, rules-based and transparent countries with a shared interest in an open Indo-Pacific region. We were able to put it together,” Goyal said after the meeting.
Commerce Secretary Gina M. Raimondo and U.S. Trade Representative Catherine Tai have invited their counterparts from 13 Indo-Pacific Economic Framework for Prosperity (IPEF) partner nations, representing more than 40% of the global economy, to become their first official face-to-face cabinet ministers. invited to the meeting. .
IPEF is a group of 13 countries and a multilateral economic framework. Since its launch in May, IPEF member countries have held intensive discussions to examine each pillar of the Framework.
The Indo-Pacific Economic Framework for Prosperity (IPEF) was jointly launched by the United States and other Indo-Pacific partner countries on May 23, 2022 in Tokyo.
India has joined the IPEF and Prime Minister Narendra Modi attended the launch event alongside US President Joe Biden, Japanese Prime Minister Fumio Kishida and other partner country leaders. Previously, immediately after the inauguration on 23 May 2022 and thereafter he held a virtual ministerial meeting on 26-27 July 2022.
India is committed to a free, open and inclusive Indo-Pacific region and is committed to deepening economic cooperation among partners for the growth and prosperity of the region.
In a statement, the Ministry of Industry and Trade said the framework is comprehensive and gives partner countries the flexibility to associate them with the pillars based on their priorities.
(Only the headlines and photos in this report may have been modified by Business Standard staff. The rest of the content is auto-generated from syndicated feeds.)
