democratic institutions, robust rule of law, and talented youth, Commerce and Industry Minister Piyush Goyal said on Wednesday. Speaking at the eighth Future Investment Initiative (PII) Plenary in Riyadh (Saudi Arabia), he said India offers huge opportunities and the world is building stronger ties with the emerging markets.
«India does not look at the US-China tensions as a source of benefit. We believe we can stand on our own feet, on the strength of our democracy, the rule of law that we offer, the strength of our young population, and our demographic dividend works well. It is talented, spirited and aspirational,» the minister said.
He was replying to a question about huge economic potential in the country and India is one of the major beneficiaries of the developments in the world like US-China trade tensions.
The US has raised customs duties on a number of goods imported from China.
When asked if the multilateral trade system has failed, Goyal said it has not, but it is going through certain stresses.
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