India will continue to remain fastest-growing large economy in the world for next 30 years, said Union Minister for Commerce and Industry Piyush Goyal at CII Annual Business Summit 2025 in New Delhi on Thursday (29 May).
He said that after coming to power in 2014, Prime Minister Narendra Modi “started looking at the twin factors of growth — infrastructure and investments in infrastructure leading to investment-led growth, and consumption, and the ability of the people of India to consume, to demand goods and services to lead through consumption led growth”.
“On this twin track, started building up the country’s growth story such that for the last three years now in a row, we have been the fastest growing large economy in the world, and I dare say, for the next 30 years now, we will continue to be the fastest growing large economy in the world,” he added.
On India’s economic trajectory, Goyal stated that the country has maintained sustained growth of 6–7 per cent and hopes to push it to 8 per cent at constant prices.
“Even amidst international upheavals, we are among the better-performing emerging markets. Today, India holds the 4th largest foreign exchange reserves in the world at about 690 billion dollars. Our inflation has remained below 4 per cent for the last three months. The Reserve Bank has done a commendable job balancing liquidity and currency management,” he said.
Highlighting India as an attractive investment destination, Goyal said, “Over the past 20–25 years, Indian companies have delivered nearly 20 per cent CAGR returns, making India a compulsive investment destination. FDI inflows are consistently breaking records. We are back on track on the growth trajectory, working through international trading relations”.
“India’s growth is based on three tracks — strong macroeconomic fundamentals; a nation respected across the world as a trusted partner; and a nation of 140 crore aspirational Indians. On these three tracks, we are preparing for Viksit Bharat 2047 — a journey of growth through speed, skill and scale,” Goyal said.