Connect with us

Business News

World now sees India as driving force in world economy: Piyush Goyal



Union Minister Piyush Goyal described the US as “India’s natural ally”.

New Delhi: Commerce Minister Piyush Goyal on Thursday said the close partnership between India and the United States is central to a free, open, inclusive and prosperous Indo-Pacific region. Addressing the 46th Annual General Meeting of the US-India Business Council (USIBC) and the India Ideas Summit, he said, “The world now sees India as a reliable and trusted partner and a driving force in the world economy.”

He also commended USIBC for its efforts to build a strong India-US business relationship over the past 46 years.

Mr Goyal said, “India-US relations have evolved into a global strategic partnership based on our convergence on bilateral, regional and global issues and added that Prime Minister Narendra Modi and US President Joe Biden will help deepen our ties. have been active.”

On PM Modi’s visit to the US last month for the Quad Leaders Summit, the minister described the first personal meeting with President Biden as “extremely fruitful”.

Shri Goyal said that the COVID-19 pandemic highlighted that the supply chain should be based not only on cost but also on trust.

Expressing concern over increasing trust deficit in the post-Covid world, he called for resilient India-US relations. Mr Goyal said that India is currently negotiating FTAs ​​(Free Trade Agreements) with countries like Australia, UAE, EU and UK and added that the country is focusing on strengthening 24 sectors where it has a competitive and comparative advantage.

Shri Goyal said that India is now the third largest start-up ecosystem in the world.

He also said that “India has jumped from ‘Make in India’ to ‘Make in India for the world’ and the country is strengthening its domestic industry to offer quality with cost-competitiveness.”

He also described the US as “a natural ally of India” and said that with a shared vision, the two countries can become true partners.


Copyright Indian Lekhak Limited 2021. All Rights Reserved