Summary:

According to Union Commerce and Industry Minister Piyush Goyal, trust, common interests, and close interpersonal relationships make India and the US natural partners. He emphasised growing collaboration in commerce, investment, technology, and strategic areas while speaking to the Indo American Chamber of Commerce in New Delhi. He pointed out that India's standing as a destination for international investment has been reinforced by reforms, digitisation, and infrastructural development. According to Goyal, India's economy has moved from being one of the "Fragile Five" to one of the top five in the world, and it may soon rise to the third position. Additionally, he emphasised cooperation in sophisticated manufacturing, quantum computing, artificial intelligence, and GCCs. He added that India's economy might reach US$30–35 trillion by 2047.

Source: IBEF

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