India is on a path to becoming a global economic powerhouse in the coming decades, and the country’s strategic focus on economic growth, trade, and development is the cornerstone of this vision. At the ET NOW Global Business Summit 2025, Álvaro S. Pereira, the Chief Economist and G20 Finance Deputy at the Organisation for Economic Co-operation and Development (OECD), painted a clear picture of India’s central role in shaping the global economy over the next 20 to 30 years.
Pereira stressed the significance of trade for economic growth. He noted that more trade is not only more growth, but it also means more jobs for people, moving millions out of poverty. Global trade will become crucial for stability in an integrated world, not only for India, but also for the world at large. As India keeps growing economically, its ability to shape the course of future trade and policy will be the primary driver in its rise to economic supremacy.
But trade in itself is not sufficient. As Pereira emphasized, India would also need to invest in key areas like education, infrastructure, and innovation. These investments shall be crucial to the creation of a robust economy that can continue to grow through changes in the international market. Firm and foresighted policy and administration will help India make the most of opportunities unfolding and remain attuned to emerging challenges. At the summit, there was a general demand for sectoral reforms to enable the economic motor of India to keep revving to bring growth and prosperity in the future years.
The ET NOW Global Business Summit 2025, held in New Delhi, brought together an energetic group of global CEOs, policymakers, and business leaders on the theme of 'Evolve, Emerge, Expand.' The summit served as a forum for candid discussion about India's future on the global economic landscape. Prime Minister Narendra Modi and other top-tier leaders attending, the summit was a platform for aspirational concepts and change plans that would lead India to the forefront of the world.
With India rising and gaining its position in the global economy, ET NOW Global Business Summit 2025 was the tipping point of the nation. With future-proofed strategies, resilience, and innovation being its theme, India's vision for becoming the leading force of global trade and economic policy is taking shape day by day. It's a thrilling period for India, as it gets ready to make its impact felt on the global platform in the decades ahead.
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