India Champions Inclusive Growth And Global Unity At UNCTAD Geneva Summit

Updated: October 23, 2025 06:18

Image Source: DD News

At the 16th UNCTAD conference in Geneva, India emphasized inclusive and sustainable development, calling for global cooperation to address trade challenges. Commerce Minister Piyush Goyal highlighted India’s economic transformation, poverty reduction, and infrastructure-led growth, urging nations to embrace equitable progress and support the Global South.

India’s vision for equitable development

India took center stage at the 16th United Nations Conference on Trade and Development (UNCTAD) held in Geneva, with Union Commerce and Industry Minister Piyush Goyal leading the delegation. In his keynote address, Goyal underscored India’s commitment to inclusive and sustainable growth, advocating for fair global trade practices and stronger support for developing nations.

He emphasized that trade must be viewed as a tool for development, not domination. Goyal called for collective action to overcome protectionism, digital divides, and supply chain disruptions—issues that disproportionately affect the Global South.

India’s economic transformation

Goyal showcased India’s rapid economic progress, noting that the country has emerged as one of the world’s top five economies. With a consistent GDP growth rate exceeding 7% over the past three years, India has lifted over 250 million people out of poverty. He credited this success to robust infrastructure investment, digital empowerment, and a thriving services sector.

The minister also highlighted India’s climate commitments and sustainability goals, reinforcing the country’s role as a responsible global stakeholder. He urged UNCTAD to continue fostering South-South cooperation and inclusive policy frameworks.

Key highlights from India’s UNCTAD address

- India reaffirmed its commitment to inclusive and sustainable development
- Piyush Goyal led the delegation at UNCTAD XVI in Geneva
- India’s GDP growth has averaged over 7% in the past three years
- 250 million citizens lifted out of poverty through targeted reforms
- Infrastructure and digital initiatives driving export and service sector growth
- Goyal called for fair trade, reduced protectionism, and stronger global cooperation
- Emphasis on climate action and support for Global South economies
- UNCTAD praised for promoting equitable development and policy dialogue

Sources: MSN News, DD India, NewsOnAir, Devdiscourse