Overview

• Das said robust domestic demand and prudent macroeconomic and financial policies have helped India withstand external shocks.
• He noted India holds 14 FTAs and six PTAs and is negotiating new trade deals with the US, the EU, Peru, Oman and New Zealand with a focus on fair, balanced terms.
• He described a shift in global trade driven by the pandemic and the Ukraine–Russia conflict, with countries prioritising supply‑chain resilience, strategic autonomy and regional pacts.
• Das cited reforms such as flexible inflation targeting, the Insolvency and Bankruptcy Code and the goods and services tax as drivers of investor confidence and formalisation.
• He projected India as the fourth‑largest economy in 2025 with a path to third by 2028, supported by fiscal consolidation, higher capital spending and recent programmes exceeding Rs 2.5 lakh crore.