October 22, 2025

At the 16th United Nations Conference on Trade and Development (UNCTAD) held in Geneva, India’s Union Minister Piyush Goyal brought the house down with his powerful speech. He warned about a growing "trust deficit" in global institutions and the tough hurdles the world faces in international trade. From rising protectionism, supply chain problems, to digital divides, these challenges especially harm developing countries, slowing their progress and fight against poverty. But then, Goyal switched gears to share India’s inspiring success story! He proudly said India is "one of the world’s fastest-growing major economies," boasting a fantastic 7.8% recent growth rate. What’s more jaw-dropping? India has lifted 250 million people out of poverty – a feat that truly amazes the global audience. How did India do it? Goyal gave the credit to heavy investment in infrastructure and a strong services sector pumping up export growth. Trade, Goyal pointed out, is not just business; it’s a vital tool to achieve development. He lauded UNCTAD’s role in encouraging countries to work together through thick and thin. Echoing India’s own mantra, he called for "Sabka Saath, Sabka Vikas," meaning everyone together for everyone’s development, highlighting the need for inclusive and sustainable growth for all nations. With his speech, Piyush Goyal not just presented numbers, but a powerful message of hope and teamwork in a world filled with trade challenges. The world watched as India showed it can grow fast and include millions on the path to prosperity despite global hurdles.

Read More at News →

Tags: Piyush goyal, India economy, Unctad, Global trade, Protectionism, Economic growth,