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country's economy

India is becoming the center point of world trade. There is a reason for that too. India's trade activities with Europe, Middle East and African countries are continuously increasing. That too at a time when Trump's tariffs are pushing the global economy towards uncertainty. 50 percent tariff has been imposed on India. Besides, there is also an atmosphere of competition with China. Despite that, India's economy is the fastest growing economy in the world. India is the fourth largest country in the world with $4 trillion. Also, by 2047, the size of the country's economy can reach 35 trillion dollars, which will put India in the category of developed countries. Let us also tell you what the country's Commerce Minister Piyush Goyal says about this…

no one can stop india

Commerce and Industry Minister Piyush Goyal said "no power in the world can stop" India from becoming a developed and prosperous nation by 2047. He cited the government's efforts to boost domestic growth, infrastructure and global trade. Speaking at the 6th Global Fintech Fest (GFF) in Mumbai, Goyal said the world can now look to India with "trust and confidence". She sees. This is because of the country's high quality talent, products and services and its commitment to timely delivery. He said that from a partner to now a key architect of the fintech world, India is leading the global initiative.

35 trillion dollar economy

The minister further said that India aspires to become a 30-35 trillion dollar economy by 2047. This is not being said just like that. He said that this target is completely reachable. Which is supported by strong macroeconomic infrastructure, a strong financial sector and expanded international partnerships. Goyal said that trust is the only currency in the finance sector whose value never decreases. He said India's steady growth and structural reforms have led it to become a $4 trillion economy, which is the fourth largest economy in the world.

growing trade relations with developed countries

Goyal said the government is taking “big steps” to boost the domestic economy driven by infrastructure growth and consumption-led growth, despite global challenges. He said that India's trade relations with developed countries are deepening and export of goods and services is expected to increase by 4-5 percent. Here Piyush Goyal has pointed towards the trade agreement made by Europe and the possible trade deal with Britain. Goyal said India today stands at an important juncture – a trusted global partner focused on low taxes, strong institutions and empowering consumers. He further said that the digital transformation of the country will play an important role in maintaining this momentum.