At the heart of Mumbai’s bustling economic pulse, Union Minister Piyush Goyal delivered a visionary address at GEC 2026, projecting India’s economy to swell by $26 trillion by 2047. This announcement on day two of the conference underscores India’s emergence as a global growth engine.
GEC 2026 unites top officials from France, UK, UAE, USA, Australia, and more, crafting frameworks for resilient economic partnerships in a deglobalizing world. Goyal’s speech spotlighted India’s proactive trade diplomacy, sealing nine pacts in four years that balance protection for vulnerable sectors with export boosts.
‘We’re building alliances, deepening friendships, and striking strong trade deals,’ Goyal declared. FTAs invite nations to partake in India’s journey to third-largest economy status by 2027-28 and a developed powerhouse worth $30-35 trillion by mid-century.
FECC’s event, backed by government heavyweights and steered by leaders like Vijay Chauthaiwale, draws on an elite advisory panel including Mahindra’s Anand Mahindra and Bharat Forge’s Baba Kalyani. India’s 16 FTAs reflect a clear national strategy, shielding farmers and MSMEs while unlocking markets in pharma, agri, and tech.
Dr. S. Jaishankar captured the zeitgeist: a world in flux demands diversification; India counters with capacity-building and strategic alliances. CM Fadnavis framed GEC as pivotal amid supply chain reshuffles and geopolitically driven capital flows.
Kalyani invited global players to co-create with India, the linchpin of flexible global value chains via IMEC and recent trades. Sessions tackle everything from AI transitions to ESG and female empowerment in development.
This forum amplifies India’s clout, positioning it as the reliable bridge in a fragmented global order, fostering stability through inclusive, forward-looking cooperation.