Latest news with #India-FranceBusinessConference
NDTV
5 days ago
- Business
- NDTV
India's GDP Growth In 2025-2026 Estimated To Be Highest Among G20 Nations: Report
Quick Read Summary is AI generated, newsroom reviewed. The OECD's 2025 Economic Outlook Report predicts India's GDP growth will lead G20 nations at 6.3% in 2025 and 6.4% in 2026. Amid global economic slowdowns, India aims for a $32 trillion economy by 2047, focusing on increased business ties with the EU. The Organisation for Economic Cooperation and Development (OECD) on Tuesday released its 2025 Economic Outlook Report at a press conference held in its Paris headquarters. The report estimates that India's GDP growth (in real terms) will continue to be the highest amongst G20 nations in 2025 and 2026, touching 6.3% and 6.4% respectively. The report was released as delegations from member states and partners such as India assembled in Paris for an informal WTO Ministerial-level meeting. "India is looking to become a 32 Trillion economy by 2047. This exponential growth will be possible because of our talent, and I'm here to reiterate people-to-people contact,' said Piyush Goyal, Union Minister for Commerce and Industry, while speaking at the India-France Business Conference. The Union Minister is in the French capital for the OECD Ministerial meet. 'Our razor focus is to make it easier to do business in India,' said Goyal as he reiterated the vast opportunities in India for those looking to do business and invest in the country. However, global growth figures are not expected to witness a positive trend according to the OECD, which estimates that the global economy is on course to slow down from 3.3% last year to 2.9% in 2025 and 2026. The Paris-based organisation's estimates come at a time of global disruptions - tariff threats from the US under the Trump administration and geopolitical tensions in Eastern Europe and Middle-East. "Additional increases in trade barriers or prolonged uncertainty will further lower growth prospects and likely push inflation higher in countries imposing tariffs," said the OECD Secretary General Mathias Cormann as he presented the report. Despite these global uncertainties, India's economic forecasts look on track, and the country hopes to increase business with the European Union as well as France. The European Union (EU), which consists of 27 nations, views the Free Trade Agreement (FTA) as important for strengthening economic ties with India. India and the EU are reaching for a comprehensive FTA instead of an interim deal. French minister of foreign trade Laurent Saint-Martin said that a deal can come through as early as 'in the coming weeks and months'. 'India is one of our priorities and I know the European Commission really wants to accelerate (FTA),' he added.
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Business Standard
6 days ago
- Business
- Business Standard
Goyal highlights 'India Opportunity' at India-France Business Conference
Union Minister for Commerce and Industry Piyush Goyal addressed the India-France Business Conference on Tuesday (local time), highlighting the 'India Opportunity', driven by a skilled and talented workforce and the government's commitment to ease of doing business, and how it offers promising avenue for French companies. In a post on X, Goyal stated, "It was a pleasure to address the India-France Business Conference, which brought together several Indian and French companies. Highlighted the 'India Opportunity', driven by a skilled & talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French companies. Encouraged companies from both sides to collaborate by building on shared interests and leveraging each other's competencies. Deeper engagement between our businesses will play a significant role in further strengthening the India-France strategic partnership." He also addressed the India-France CEO Forum Small Group Meeting in Paris, along with Laurent Saint-Martin, the French Minister Delegate for Foreign Trade and French Nationals Abroad. Goyal highlighted the growing confidence of French companies in India's economic story and emphasised the mutual commitment to advancing economic and trade ties while building a smarter future together. In a post on X, Goyal stated, "Addressed the India-France CEO Forum Small Group Meeting today in Paris along with French Minister Delegate for Foreign Trade and French Nationals Abroad @LaurentSMartin. During the interactive discussion, attended by Indian & French companies, we covered a wide range of aspects of India-France cooperation, including technology, AI, education, and startups. I further highlighted how French companies believe in the India story and how both sides are committed to advancing economic and trade relations and cultivating a smarter future together." Piyush Goyal held a meeting with World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala in Paris and emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system. "Had a productive meeting with @NOIweala, Director General of @WTO, in Paris. Emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system," Goyal posted on X. In another bilateral meeting, Goyal met with Saudi Arabia's Minister of Commerce, Majid Al-Kassabi, to discuss ways to enhance bilateral trade, explore new investment opportunities, and deepen economic cooperation. Sharing details regarding his meeting with Saudi Arabia's counterpart on X, Goyal wrote, "Held a productive meeting with Saudi Arabia's Minister of Commerce H.E. @MAlKassabi. Discussed enhancing bilateral trade, exploring new investment opportunities, and strengthening our economic partnership." Piyush Goyal held a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, Laurent Saint-Martin on Tuesday. During the meeting, the two leaders explored new avenues to enhance bilateral trade and investments and facilitate business-to-business engagement. After his meeting with Saint-Martin, Goyal on X wrote, "Good meeting with the French Minister Delegate for Foreign Trade and French Nationals Abroad, @LaurentSMartin. Explored new avenues to enhance bilateral trade and investments, and facilitate business-to-business engagement. We also reaffirmed our shared commitment to making technology a new cornerstone of the Indo-French economic partnership, especially in the context of the upcoming India-France Year of Innovation 2026." The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth.
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Business Standard
6 days ago
- Business
- Business Standard
Goyal, Israeli economy minister discuss boosting trade, innovation ties
Union Minister for Commerce and Industry Piyush Goyal met with Israel's Minister of Economy Nir Barkat in Paris on Tuesday (local time). The discussions focused on diversifying the trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors. In a post shared on X, Piyush Goyal stated, "Excellent meeting with Israel's Minister of Economy and Industry, @NirBarkat, in Paris. Our discussions focused on diversifying our trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors, paving the way for the next phase of our partnership." Goyal addressed the India-France Business Conference, highlighting the 'India Opportunity', driven by a skilled and talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French firms. During the interaction, Goyal encouraged companies from India and France to collaborate by building on shared interests and leveraging each other's competencies. He emphasised that deeper engagement between the businesses of the two nations will play a key role in strengthening the strategic partnership between India and France. In a post on X, Goyal stated, "It was a pleasure to address the India-France Business Conference, which brought together several Indian and French companies. Highlighted the 'India Opportunity', driven by a skilled & talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French companies. Encouraged companies from both sides to collaborate by building on shared interests and leveraging each other's competencies. Deeper engagement between our businesses will play a significant role in further strengthening the India-France strategic partnership." He also addressed the India-France CEO Forum Small Group Meeting in Paris, along with Laurent Saint-Martin, the French Minister Delegate for Foreign Trade and French Nationals Abroad. Goyal highlighted how French companies believe in the India story and how the two nations are committed to advancing economic and trade relations and cultivating a smarter future together. In a post on X, Goyal stated, "Addressed the India-France CEO Forum Small Group Meeting today in Paris along with French Minister Delegate for Foreign Trade and French Nationals Abroad @LaurentSMartin. During the interactive discussion, attended by Indian & French companies, we covered a wide range of aspects of India-France cooperation, including technology, AI, education, and startups. I further highlighted how French companies believe in the India story and how both sides are committed to advancing economic and trade relations and cultivating a smarter future together." Piyush Goyal met with World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala in Paris and emphasised India's commitment to strengthening a fair, inclusive, and rules-based multilateral trading system. "Had a productive meeting with @NOIweala, Director General of @WTO, in Paris. Emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system," Goyal posted on X. He also met Saudi Arabia's Minister of Commerce, Majid Al-Kassabi, and discussed enhancing bilateral trade and exploring new investment opportunities. Sharing details regarding his meeting with Saudi Arabia's counterpart on X, Goyal wrote, "Held a productive meeting with Saudi Arabia's Minister of Commerce H.E. @MAlKassabi. Discussed enhancing bilateral trade, exploring new investment opportunities, and strengthening our economic partnership." Piyush Goyal held a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, Laurent Saint-Martin, on Tuesday. During the meeting, the two leaders explored new avenues to enhance bilateral trade and investments and facilitate business-to-business engagement. After his meeting with Saint-Martin, Goyal on X wrote, "Good meeting with the French Minister Delegate for Foreign Trade and French Nationals Abroad, @LaurentSMartin. Explored new avenues to enhance bilateral trade and investments, and facilitate business-to-business engagement. We also reaffirmed our shared commitment to making technology a new cornerstone of the Indo-French economic partnership, especially in the context of the upcoming India-France Year of Innovation 2026." The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth. Goyal commenced his three-day official visit to France on Sunday. After concluding his visit to France, Piyush Goyal will travel to Italy.
India Gazette
6 days ago
- Business
- India Gazette
Union Minister Piyush Goyal highlights 'India Opportunity' at India-France Business Conference
Paris [France], June 4 (ANI): Union Minister for Commerce and Industry Piyush Goyal addressed the India-France Business Conference on Tuesday (local time), highlighting the 'India Opportunity', driven by a skilled and talented workforce and the government's commitment to ease of doing business, and how it offers promising avenue for French companies. In a post on X, Goyal stated, 'It was a pleasure to address the India-France Business Conference, which brought together several Indian and French companies. Highlighted the 'India Opportunity', driven by a skilled & talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French companies. Encouraged companies from both sides to collaborate by building on shared interests and leveraging each other's competencies. Deeper engagement between our businesses will play a significant role in further strengthening the India-France strategic partnership.' He also addressed the India-France CEO Forum Small Group Meeting in Paris, along with Laurent Saint-Martin, the French Minister Delegate for Foreign Trade and French Nationals Abroad. Goyal highlighted the growing confidence of French companies in India's economic story and emphasised the mutual commitment to advancing economic and trade ties while building a smarter future together. In a post on X, Goyal stated, 'Addressed the India-France CEO Forum Small Group Meeting today in Paris along with French Minister Delegate for Foreign Trade and French Nationals Abroad @LaurentSMartin. During the interactive discussion, attended by Indian & French companies, we covered a wide range of aspects of India-France cooperation, including technology, AI, education, and startups. I further highlighted how French companies believe in the India story and how both sides are committed to advancing economic and trade relations and cultivating a smarter future together.' Piyush Goyal held a meeting with World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala in Paris and emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system. 'Had a productive meeting with @NOIweala, Director General of @WTO, in Paris. Emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system,' Goyal posted on X. In another bilateral meeting, Goyal met with Saudi Arabia's Minister of Commerce, Majid Al-Kassabi, to discuss ways to enhance bilateral trade, explore new investment opportunities, and deepen economic cooperation. Sharing details regarding his meeting with Saudi Arabia's counterpart on X, Goyal wrote, 'Held a productive meeting with Saudi Arabia's Minister of Commerce H.E. @MAlKassabi. Discussed enhancing bilateral trade, exploring new investment opportunities, and strengthening our economic partnership.' Piyush Goyal held a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, Laurent Saint-Martin on Tuesday. During the meeting, the two leaders explored new avenues to enhance bilateral trade and investments and facilitate business-to-business engagement. After his meeting with Saint-Martin, Goyal on X wrote, 'Good meeting with the French Minister Delegate for Foreign Trade and French Nationals Abroad, @LaurentSMartin. Explored new avenues to enhance bilateral trade and investments, and facilitate business-to-business engagement. We also reaffirmed our shared commitment to making technology a new cornerstone of the Indo-French economic partnership, especially in the context of the upcoming India-France Year of Innovation 2026.' The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth. (ANI)
India Gazette
6 days ago
- Business
- India Gazette
Union Minister Goyal, Israel's Economy Minister Barkat discuss diversifying trade basket, fostering innovation
Paris [France], June 4 (ANI): Union Minister for Commerce and Industry Piyush Goyal met with Israel's Minister of Economy Nir Barkat in Paris on Tuesday (local time). The discussions focused on diversifying the trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors. In a post shared on X, Piyush Goyal stated, 'Excellent meeting with Israel's Minister of Economy and Industry, @NirBarkat, in Paris. Our discussions focused on diversifying our trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors, paving the way for the next phase of our partnership.' Goyal addressed the India-France Business Conference, highlighting the 'India Opportunity', driven by a skilled and talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French firms. During the interaction, Goyal encouraged companies from India and France to collaborate by building on shared interests and leveraging each other's competencies. He emphasised that deeper engagement between the businesses of the two nations will play a key role in strengthening the strategic partnership between India and France. In a post on X, Goyal stated, 'It was a pleasure to address the India-France Business Conference, which brought together several Indian and French companies. Highlighted the 'India Opportunity', driven by a skilled & talented workforce and the government's commitment to ease of doing business, and how it offers promising avenues for French companies. Encouraged companies from both sides to collaborate by building on shared interests and leveraging each other's competencies. Deeper engagement between our businesses will play a significant role in further strengthening the India-France strategic partnership.' He also addressed the India-France CEO Forum Small Group Meeting in Paris, along with Laurent Saint-Martin, the French Minister Delegate for Foreign Trade and French Nationals Abroad. Goyal highlighted how French companies believe in the India story and how the two nations are committed to advancing economic and trade relations and cultivating a smarter future together. In a post on X, Goyal stated, 'Addressed the India-France CEO Forum Small Group Meeting today in Paris along with French Minister Delegate for Foreign Trade and French Nationals Abroad @LaurentSMartin. During the interactive discussion, attended by Indian & French companies, we covered a wide range of aspects of India-France cooperation, including technology, AI, education, and startups. I further highlighted how French companies believe in the India story and how both sides are committed to advancing economic and trade relations and cultivating a smarter future together.' Piyush Goyal met with World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala in Paris and emphasised India's commitment to strengthening a fair, inclusive, and rules-based multilateral trading system. 'Had a productive meeting with @NOIweala, Director General of @WTO, in Paris. Emphasised India's commitment to help strengthen a fair, inclusive, and rules-based multilateral trading system,' Goyal posted on X. He also met Saudi Arabia's Minister of Commerce, Majid Al-Kassabi, and discussed enhancing bilateral trade and exploring new investment opportunities. Sharing details regarding his meeting with Saudi Arabia's counterpart on X, Goyal wrote, 'Held a productive meeting with Saudi Arabia's Minister of Commerce H.E. @MAlKassabi. Discussed enhancing bilateral trade, exploring new investment opportunities, and strengthening our economic partnership.' Piyush Goyal held a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, Laurent Saint-Martin, on Tuesday. During the meeting, the two leaders explored new avenues to enhance bilateral trade and investments and facilitate business-to-business engagement. After his meeting with Saint-Martin, Goyal on X wrote, 'Good meeting with the French Minister Delegate for Foreign Trade and French Nationals Abroad, @LaurentSMartin. Explored new avenues to enhance bilateral trade and investments, and facilitate business-to-business engagement. We also reaffirmed our shared commitment to making technology a new cornerstone of the Indo-French economic partnership, especially in the context of the upcoming India-France Year of Innovation 2026.' The discussions, which took place during Goyal's three-day official visit to France, also reviewed the progress of the India-EU Free Trade Agreement (FTA) negotiations, signalling a strong intent to bolster bilateral ties amidst a shared commitment to innovation and economic growth. Goyal commenced his three-day official visit to France on Sunday. After concluding his visit to France, Piyush Goyal will travel to Italy. (ANI)
