New Delhi: Former European Central Bank President and ex-Governor of the Bank of France, Jean-Claude Trichet, has expressed strong confidence in India’s economic trajectory, stating he has “no doubt” that the country will continue to achieve robust growth in the coming years.
Speaking at the Kautilya Economic Conclave in New Delhi, Trichet praised India’s combination of high investment, ambition, and human capital, calling it a powerful formula for long-term economic success.
“India is an increasingly important destination for global investment. Both the quality and quantity of investment are critical for emerging economies, and India clearly demonstrates the aspiration to rise higher and improve the standard of living of its people,” he said.
Trichet noted that India, currently the world’s fourth-largest economy, is on track to become the third-largest by 2030, with an estimated GDP of USD 7.3 trillion. This growth, he said, reflects the country’s decisive governance, structural reforms, and proactive global engagement.
According to government data, India’s GDP grew by 7.8% in the first quarter of FY 2025–26, up from 6.5% a year earlier — driven by strong domestic demand and transformative policy measures. Economists expect private consumption to strengthen further in the months ahead, supported by easing inflation, rising employment, and buoyant consumer confidence.
Trichet also underlined the importance of a rule-based global economic system to overcome challenges that could impede reforms. He emphasised that international cooperation will play a crucial role in sustaining India’s growth momentum and ensuring long-term stability.
“Reforms are universal but never easy. A predictable, rule-based environment and enhanced global collaboration are essential to maintain India’s growth and stability,” he added.
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