SHRI PIYUSH GOYAL WELCOMES THE WORLD TO PARTICIPATE IN INDIA’S GOLDEN GROWTH STORY

Minister of Commerce & Industry inaugurates India Pavilion at Expo 2020 Dubai

At a time when the whole world is coming together to recover from the pandemic and bring growth back on track, a resurgent India is ready to take on the responsibility of being the frontrunner in this revival process, said Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Government of India, Shri Piyush Goyal.

While inaugurating the India Pavilion at Expo 2020 Dubai, which will showcase India’s vibrant culture, along with the diverse partnership opportunities that the country is capable of offering.

“The reforms unleashed in the last seven years by the government under the guidance of Honourable Prime Minister Shri Narendra Modi, and especially during the Corona period, are set to boost the country’s manufacturing and exports potential and make India a global economic hub, besides strengthening its capabilities in the technology space” said Shri Goyal.

He added that the lessons learnt from the pandemic have also emboldened our confidence of surpassing any challenge in future with the help of our scientific and entrepreneurial research and development capabilities.

“From here, productivity will play a big role in achieving a sustained high growth phase, that India has already embarked upon, leaving behind the impact of Corona ² GDP growth in the first quarter of FY22 at a record 20.1 against the contraction of 24.4 in the same quarter of FY21 is not only signaling a strong revival but also the potential for economic rebound in a big way, and grow at a rapid pace. We have a huge advantage in our young populace, and with the help of the New Education Policy (NEP), and its focus on skill development, the productivity levels in the country are set to rise substantially to support the growth objectives,” Shri Goyal said.

The minister congratulated the UAE leadership for being able to deliver this massive enterprise, EXPO 2020, despite the difficult times. Stressing on the significance of India’s participation in EXPO 2020.Shri Goyal said, “It is happening at a time when India is celebrating 75 years of its independence, and UAE is celebrating 50th year of its foundation."

“The ongoing celebrations of Amrit Mahotsav, 75 years of India’s Independence, will also encapsulate Prime Minister Narendra Modi’s clarion call of redefining India in the next 25 years (Amrit .aal) with his renewed motto of “Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas,” he emphasized.

“The entire world is looking towards India as a trusted partner. We have intensified the reform process during the pandemic instead of being defensive. India, with its democratic values, extremely capable talent pool, technological prowess and growing appetite for learning and leadership, is all set to play an increasingly central role in the global affairs, trade and business,” Shri Goyal said.

The minister added that those visiting the India Pavilion during the six months of EXPO 2020, till March 31, 2022, will get a glimpse of the country’s ancient treasures, business achievements, innovations and leading opportunities with cutting-edge technologies.

“We are on the way to reaching and surpassing USD 400 billion exports per year target and a GDP growth that will take us to becoming a USD 5 trillion economy, and beyond. The next 25 years are set to symbolise India’s golden growth phase,” Shri Goyal said, and invited the global community to be part of this resurgent ‘New India’ journey.