India Set to Lead Global Growth for Next 30 Years
Friday, 30 May 2025, 11:27 IST
• Union Minister Piyush Goyal said India will remain the fastest-growing large economy for the next 30 years.
• He noted sustained 6–7 percent growth, aiming to reach 8 percent with inflation under control and forex reserves at $690 billion.
• He highlighted India’s appeal as a top investment destination and its vision for Viksit Bharat by 2047.
Union Minister for Commerce and Industry Piyush Goyal expressed that India will remain the fastest-growing major economy globally for the next three decades. Addressing the CII Annual Business Summit 2025 in New Delhi on Thursday, Goyal highlighted the ongoing economic momentum in India and its potential for long-term growth.
"Started looking at the twin factors of growth — infrastructure and investments in infrastructure leading to investment-led growth, and consumption, and the ability of the people of India to consume, to demand goods and services to lead through consumption led growth", Prime Minister Narendra Modi stated after assuming office in 2014.
"On this twin track, started building up the country's growth story such that for the last three years now in a row, we have been the fastest growing large economy in the world, and I dare say, for the next 30 years now, we will continue to be the fastest growing large economy in the world," he added.
"On this twin track, started building up the country's growth story such that for the last three years now in a row, we have been the fastest growing large economy in the world, and I dare say, for the next 30 years now, we will continue to be the fastest growing large economy in the world," he said.
During his address at the CII Annual Business Summit 2025, Union Minister for Commerce and Industry Piyush Goyal mentioned that India has sustained an economic growth rate of 6–7 percent and aims to boost it to 8 percent at constant prices. He emphasized that India is set to continue as the fastest-growing large economy in the world for the next 30 years.
“Even amidst international upheavals, we are among the better-performing emerging markets. Today, India holds the 4th largest foreign exchange reserves in the world at about 690 billion dollars. Our inflation has remained below 4 per cent for the last three months. The Reserve Bank has done a commendable job balancing liquidity and currency management,” he marked.
Marking India as an accurate investment place, Goyal stated, “Over the past 20–25 years, Indian companies have delivered nearly 20 per cent CAGR returns, making India a compulsive investment destination. FDI inflows are consistently breaking records. We are back on track on the growth trajectory, working through international trading relations".
"India’s growth is based on three tracks — strong macroeconomic fundamentals; a nation respected across the world as a trusted partner; and a nation of 140 crore aspirational Indians. On these three tracks, we are preparing for Viksit Bharat 2047 — a journey of growth through speed, skill and scale", he said.
• He noted sustained 6–7 percent growth, aiming to reach 8 percent with inflation under control and forex reserves at $690 billion.
• He highlighted India’s appeal as a top investment destination and its vision for Viksit Bharat by 2047.
Union Minister for Commerce and Industry Piyush Goyal expressed that India will remain the fastest-growing major economy globally for the next three decades. Addressing the CII Annual Business Summit 2025 in New Delhi on Thursday, Goyal highlighted the ongoing economic momentum in India and its potential for long-term growth.
"Started looking at the twin factors of growth — infrastructure and investments in infrastructure leading to investment-led growth, and consumption, and the ability of the people of India to consume, to demand goods and services to lead through consumption led growth", Prime Minister Narendra Modi stated after assuming office in 2014.
"On this twin track, started building up the country's growth story such that for the last three years now in a row, we have been the fastest growing large economy in the world, and I dare say, for the next 30 years now, we will continue to be the fastest growing large economy in the world," he added.
"On this twin track, started building up the country's growth story such that for the last three years now in a row, we have been the fastest growing large economy in the world, and I dare say, for the next 30 years now, we will continue to be the fastest growing large economy in the world," he said.
During his address at the CII Annual Business Summit 2025, Union Minister for Commerce and Industry Piyush Goyal mentioned that India has sustained an economic growth rate of 6–7 percent and aims to boost it to 8 percent at constant prices. He emphasized that India is set to continue as the fastest-growing large economy in the world for the next 30 years.
“Even amidst international upheavals, we are among the better-performing emerging markets. Today, India holds the 4th largest foreign exchange reserves in the world at about 690 billion dollars. Our inflation has remained below 4 per cent for the last three months. The Reserve Bank has done a commendable job balancing liquidity and currency management,” he marked.
Marking India as an accurate investment place, Goyal stated, “Over the past 20–25 years, Indian companies have delivered nearly 20 per cent CAGR returns, making India a compulsive investment destination. FDI inflows are consistently breaking records. We are back on track on the growth trajectory, working through international trading relations".
"India’s growth is based on three tracks — strong macroeconomic fundamentals; a nation respected across the world as a trusted partner; and a nation of 140 crore aspirational Indians. On these three tracks, we are preparing for Viksit Bharat 2047 — a journey of growth through speed, skill and scale", he said.
