Poging GOUD - Vrij
India's Economy Set To Expand Eightfold By 2047: Piyush Goyal
The Business Guardian
|June 13, 2025
Union Commerce and Industry Minister Piyush Goyal, currently on a three-day official visit to Sweden, emphasized India's growing role in the global economy and expressed confidence that India is on track to witness significant economic expansion in the coming decades.
Speaking in Stockholm on Thursday, Goyal projected that India's economy will grow eightfold by the year 2047, supported by its skilled workforce, rising demand, and decisive leadership.
Highlighting the increasing confidence of global investors in India's growth story, Goyal stated, "The opportunities, the skills, the potential, the demand, the decisive leadership that India has—seeing all this, even Swedish companies believe that the future lies in India."
He noted that India's current trajectory, if maintained, will make it a leading global economic power, with international stakeholders eager to benefit from this anticipated transformation.
The Minister's remarks come at a time when India and the European Union are intensifying negotiations for a comprehensive Free Trade Agreement (FTA).
Goyal shared an optimistic outlook regarding the progress of these negotiations, stating that the two parties are "very much on track" to finalize the deal. "More than half the chapters are ready," he noted, and in terms of market access, negotiations are already "almost 90 per cent ready."
Dit verhaal komt uit de June 13, 2025-editie van The Business Guardian.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Business Guardian

The Business Guardian
‘Capex, Opex subsidies in mineral scheme to boost recycling infra’
Provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under Rs 1,500 crore incentive scheme for Critical Mineral Recycling will accelerate the establishment of advanced recycling infrastructure, said industry body India Energy Storage Alliance (IESA) while welcoming the Centre's move.
2 mins
September 21, 2025

The Business Guardian
Why 2 nm chips matter in India’s chip revolution
India has taken another big step in its semiconductor journey with the recent inauguration of ARM's new design office in Bengaluru.
2 mins
September 21, 2025
The Business Guardian
GOVT ACTIVATES PORTAL FOR GST COMPLAINTS
The Ministry of Consumer Affairs, Food & Public Distribution on Saturday announced the activation of a dedicated category on the INGRAM portal to handle anticipated consumer queries and complaints on the National Consumer Helpline (NCH), following the implementation of revised GST charges, rates, and exemptions effective from September 22.
2 mins
September 21, 2025
The Business Guardian
BofA sees positive outlook for Paytm, citing soundbox, AI
Paytm (One97 Communications Limited), India's full stack merchant payments leader, is showing steady momentum across its core
1 min
September 21, 2025

The Business Guardian
GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.
1 mins
September 21, 2025

The Business Guardian
Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore
Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Friday said it has raised over Rs 122 crore from anchor investors, ahead of its initial share-sale opening for public subscription.
1 min
September 21, 2025

The Business Guardian
Third round of India-New Zealand FTA negotiations concludes
The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.
1 min
September 21, 2025
The Business Guardian
'Capex, Opex subsidies in mineral scheme to boost recycling infra'
Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.
1 min
September 21, 2025

The Business Guardian
Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO
Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.
1 min
September 21, 2025

The Business Guardian
US' H-1B fee move can have ripple effects on US innovation system
Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.
2 mins
September 21, 2025
Listen
Translate
Change font size