Summary: India's GDP is expected to grow by 7% in FY25, despite a 6.7% slowdown in Q1 FY25. Ahead of Prime Minister Narendra Modi's visit to Singapore, External Affairs Minister S. Jaishankar emphasized the opportunity to strengthen bilateral relations. He highlighted India’s transformation, recovery from Covid-19, and infrastructural achievements, advocating for a modern engagement with Singapore. Jaishankar stressed seizing new opportunities and prioritizing manufacturing and talent development as key growth sectors.

He refuted the notion that India's focus had shifted from ASEAN to the Gulf, emphasizing a multifaceted approach. He noted significant progress in relations with Gulf states in terms of investments, technology, security, and connectivity, as well as strengthened ties with ASEAN. He underscored Singapore's crucial role in India's 'Act East' strategy, which evolved from 'Look East,' emphasizing collaboration in security, connectivity, technology, and sustainability. The Trilateral Highway linking India, Myanmar, and Thailand was also highlighted for its transformative potential.

Source: IBEF 

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