Brussels: Piyush Goyal Emphasises India’s 10x+ Growth Potential In Next 25 Years

Amid his two-day visit to Brussels, Union Commerce Minister Piyush Goyal on Tuesday emphasised India’s ten times plus growth potential in the next 25 years despite the global economic slowdown.

While speaking at an event of the Federation of Belgian Enterprises (FEB), Goyal said that this potential will reinforce India’s position as the fastest-growing large economy

He also emphasised the 4Ts of trade, technology, tourism and talent, India’s ambitious mission for sustainability and renewable energy which is evidenced by its performance of achieving Paris targets in 2021 itself.

He underscored that there must be a level playing field for both the developed and emerging economies while addressing global challenges such as climate issues. 

“While India is committed to achieving its targets of net zero emissions, there should be a meaningful contribution by all concerned and commitments made under the Paris agreement must be adhered to by all countries,” he said.

He also expressed hope that the mechanism of the India-European Union Trade and Technology Council (TTC) could emerge as an effective platform for finding solutions to these challenges.

The minister also noted that India and the EU share several common concerns with respect to WTO issues where their positions are largely aligned and therefore, through their collective efforts, could jointly contribute to finding consensus-based solutions in the upcoming WTO ministerial conference.