Union Minister Piyush Goyal Highlights India’s Growth, Sustainability Goals at UNCTAD Session in Geneva

In News: Piyush Goyal Showcases India’s Growth Model and Sustainability Vision at UNCTAD Session in Geneva

Analysis:

1. Context:
   • Union Minister of Commerce and Industry Piyush Goyal attended the XVIth Session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
   • His address focused on India’s approach to inclusive growth, sustainability, and global economic cooperation.
2. Key Highlights of the Address:
   • Emphasized India’s commitment to poverty elimination, demand-driven economic growth, and infrastructure development.
   • Reiterated India’s role as the fastest-growing major economy, maintaining an average 7% annual GDP growth over the past three years.
   • Stressed the country’s efforts towards climate change mitigation and renewable energy adoption.
3. Sustainability and Climate Commitments:
   • Mr. Goyal highlighted that 50% of India’s installed power capacity now comes from renewable energy sources, reflecting strong progress towards energy transition goals.
   • Reaffirmed India’s stance on sustainable growth that balances economic development with environmental responsibility.
4. Global South Cooperation:
   • Underscored the importance of South-South cooperation to build collective strength among developing nations.
   • Offered India’s support to partner countries in technology transfer, capacity building, and supply chain resilience.
5. Digital Empowerment and Inclusive Growth:
   • Highlighted India’s success in digital public infrastructure, financial inclusion, and grassroots entrepreneurship.
   • Cited India’s experience as a model for inclusive and technology-driven development adaptable to other developing nations.
6. Strategic Significance:
   • The visit reaffirmed India’s role as a trusted global partner in trade, sustainability, and developmental cooperation.
   • Strengthens India’s diplomatic engagement with multilateral institutions like UNCTAD, enhancing its global trade leadership profile.

Static Information:

• UNCTAD (United Nations Conference on Trade and Development):
  • Established: 1964.
  • Headquarters: Geneva, Switzerland.
  • Objective: To promote inclusive and sustainable trade and development, especially for developing and least-developed countries.
  • Current Secretary-General (as of 2025): Rebeca Grynspan.
• India and UNCTAD:
  • India has been an active founding member and regularly contributes to UNCTAD’s initiatives on trade facilitation, investment, and technology cooperation
    
    Updated -  October 22, 2025 9:24 PM | News On Air