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Updated January 8th, 2024 at 08:33 IST

Global interest peaks in engaging with India on FTAs: Piyush Goyal

Commerce and Textiles Minister highlighted India's demographic dividend, with its young population becoming the envy of the world.

Reported by: Business Desk
Union Commerce Minister Piyush Goyal
Union Commerce Minister Piyush Goyal | Image:X/Guidance Tamil Nadu
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Union Minister Piyush Goyal on Sunday said that the world is keen to engage with India for free trade agreements (FTA) as part of efforts to expand trade and diplomatic relations.

Addressing the inaugural session of the maiden Global Investors Meet organised by the DMK government, the Commerce and Textiles Minister highlighted India's demographic dividend, with its young population becoming the envy of the world.

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Goyal advocated for the inclusion of women in the formal workforce, stating that their entry would not only contribute to the GDP but also lead to a significant technological shift. He envisioned India becoming the largest market for goods and services, emphasizing the positive impact of women-led development on the nation's growth.

Highlighting India's economic progress, Goyal noted that the world is increasingly interested in establishing free trade agreements with India. He praised India's young population, with an average age of 28.4 years, as a driving force behind the nation's development across various sectors.

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Goyal echoed Prime Minister Narendra Modi's vision for India to become a developed nation by 2047, emphasizing the importance of women-led development and making India corruption-free. He commended India's transformation from being perceived as the 5th weakest economy before 2014 to becoming the world's fifth-largest economy.

The Minister commended the Tamil Nadu government's ambitious target of raising the state's economy by $1 trillion by 2030. He expressed confidence that this vision would lead to industrialization, job creation, and drive economic growth in the state.

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(With PTI inputs)
 

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Published January 8th, 2024 at 08:33 IST

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