Union Minister of Commerce and Industry Piyush Goyal on Thursday said that for the next 30 years "we will continue to be the world’s fastest growing economy".
While speaking at the CII Annual Business Summit, Piyush Goyal said, "We are back on track, barring 3-4 months, on the growth trajectory. Hence, we are engaging in trade deals with UK, EU, Chile, USA. EFTA countries have committed $100 billion in pure play FDI in India. We are not aiming small."
"Even amidst international upheavals, India has done a fairly good job. The RBI has done a good job in maintaining the liquidity in the market. The stock market discounts the future by and large. In the past decade stock market has grown in India like no other nation. The returns are incomparable. Our returns are nearly 20% CAGR over some 100-200 companies," he added.
Also Read: CII Annual Business Summit 2025 Live
Furthermore, while outlining PM Modi's vision, Goyal said, "PM Modi took 3 tracks in his vision to promote the India story to the world. 1) Strengthening India’s economy, quickly got the RBI to look at inflation; 2) Infrastructure and investments in infrastructure; 3) Consumption net flow."
"IMF has projected by 2027 India will be the world’s third largest GDP. This is significant because it is happening despite global uncertainties," he added.
Piyush Goyal on Op Sindoor
At the summit, Union Minister Piyush Goyal said, "The people of India collectively stand for Operation Sindoor, our national integrity and sovereignty."
"Operation Sindoor showed to the world what India can do. It demonstrated to the world that India will never flinch a moment when it comes to the safety, security and dignity of 140 crore Indians," he added.
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