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India to remain fastest-growing economy for next 30 years: Commerce Minister
May-30-2025

Highlighting India as an attractive investment destination, Union Minister for Commerce & Industry Piyush Goyal has said that India to remain fastest-growing large economy in the world for next 30 years. He said ‘Over the past 20-25 years, Indian companies have delivered nearly 20% 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.

On India’s economic trajectory, the minister stated that the country has maintained sustained growth of 6-7% and hopes to push it to 8% at constant prices. He said ‘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. Our inflation has remained below 4% for the last three months. The Reserve Bank has done a commendable job balancing liquidity and currency management.’

Commerce Minister also cited progress on various Free Trade Agreements (FTAs), including those with the UAE, Australia, the UK, the four EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland), and the ongoing bilateral trade agreement negotiations with the USA. Goyal expressed pride at India’s continued economic progress and stated that the IMF has projected that by 2027, India will be the world’s third largest GDP. He added that despite global volatility, uncertainty and complexity, India remains the fastest-growing economy and continues to power global growth through growth in India.


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