India Will Become Third-Largest Economy By 2027: Piyush Goyal in France

GG News Bureau

Paris, 11th April. Union Commerce Minister Piyush Goyal on Monday addressing the Indian diaspora community in France said that India will become the third-largest economy by 2027.

“Now we are the 5th largest economy. By 2027-28, we will be the third-largest economy in the world. India is a 3.5 trillion-dollar economy today and will become a 30-35 dollar trillion economy by 2047 when we celebrate 100 years of independence,” said Mr Goyal.

The Minister said that exports were USD 676 billion last year. “We had a target to reflect the sentiment of young and enthusiastic Indians. In the 75th Year of Independence, we crossed USD 750 billion in exports,” he said.

“We are today emerging as the go-to country, as the world’s pharmacy, as the world’s food bowl and as a trusted partner to other countries. Everybody is looking up to PM Modi’s leadership to resolve the world’s challenges today,” he said.

Goyal stated that India values its relationship with France. “I am sure, each of you recognises that this partnership will see further growth, in terms of both opportunities and friendship. To further our partnership, you all will play a crucial role,” he stated while addressing the Indian diaspora in Paris.

“PM Narendra Modi is the most popular and loved leader in the world and is also known for having the commitment to care for India and the world. As we believe in ‘One Earth, One Family, One Future’, the world looks up to his leadership,” he said.

He also praised India’s diaspora, saying, “India with capabilities, capacities, competency, and confidence, is the New India what each one of you represents. As Rashtradoots, you are contributing to your Karmabhoomi and Matrabhoomi.”

Goyal urged the Indian diaspora to help India grow and to promote Indian culture in France.

“With your support, India will achieve strides of growth and development in the Amrit Kaal,” he said.

“Yahi Samay Hai, Sahi Samay Hai,” Goyal said, inviting them to be a part of this vision and journey with India.

Goyal is in Paris for the India-France Business Summit, which celebrates 25 years of friendship between India and France.

Piyush Goyal and Olivier Becht, France’s Minister delegate for Foreign Trade, Attractiveness, and French Nationals Abroad, will co-chair the India-France Business Summit in Paris on Tuesday to commemorate the 25th anniversary of India-France friendship.

The Summit will focus on topics such as building a green future, emerging technologies, defence cooperation, and Indo-Pacific cooperation.

The Embassy of India in Paris is organising the business summit and CEO roundtable in collaboration with Medef, CII, Business France, and IFFCI.

The business summit has attracted over 400 participants who have expressed great interest.

Minister Goyal will also meet with French business leaders from various sectors and attend a CEO roundtable.