India, EU aiming for balanced, ambitious comprehensive and mutually beneficial FTA: Piyush Goyal
FTA) with the European Union (EU) during an interaction with Ambassadors from the European Commission delegation and member states.
According to the Ministry of Commerce and Industry, the meeting, attended by representatives from Austria, Belgium, Bulgaria, and several other EU nations, along with senior Indian officials, emphasized the growing trade and economic partnership between India and the EU.
Highlighting the progress in the FTA negotiations, Goyal acknowledged the need for political guidance to finalize a commercially meaningful agreement that respects the sensitivities of both parties.
He emphasized the importance of sustainability discussions, advocating for the principle of Common But Differentiated Responsibility (CBDR) to address varying development trajectories.
«The Indian economy is expected to grow at 7-8 per cent annually to become the third largest economy in the world over the next few years,» Goyal stated, projecting that India's GDP could reach USD 35 trillion by 2047.
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