NewzVille Desk
Union Minister of Commerce and Industry, Piyush Goyal, attended the XVIth Session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva, where he delivered India’s national statement and participated in key discussions. UNCTAD, established in 1964, plays a crucial role in promoting the integration of developing countries into the global economy through trade, investment, and sustainable development policies.
In his address at the 16th Session of the United Nations Conference on Trade and Development (UNCTAD XVI), the Commerce and Industry Minister of India highlighted India’s transformation into one of the top five economies globally. India has been the fastest-growing large economy with over 7% average annual growth over last three years. The nation doubles its economy every eight years.
Goyal also highlighted lifting millions of people out of poverty in the last decade. These individuals then join the middle class. They fuel rising incomes and demand.