India-Israel Partnership Built on Shared Values of Democracy, Economic Resilience: Minister
Reaffirming India’s commitment to becoming a $30-35 trillion economy by 2047, Union Minister of Commerce and Industry Piyush Goyal highlighted the growing India-Israel partnership, built on shared values of democracy, economic resilience, and technological advancement. He also underscored India’s zero-tolerance policy on terrorism and commitment to global peace and security.
Speaking at the inaugural session of the India-Israel Business Forum and the third India-Israel CEO Forum in New Delhi, Goyal outlined India’s economic potential through 10 key strengths, referred to as the “10 Ds”:
- Democracy – Equal opportunities for all
- Demographic dividend – A young and skilled workforce
- Diversity – A multi-dimensional economy with vast opportunities
- Digitisation – Rapid technological transformation
- Decarbonisation – Commitment to a green economy
- Determination – A workforce driven by innovation
- Development – A robust policy framework for growth
- Dependability – A trusted global partner
- Decisive leadership – Bold economic reforms
- Demand – A thriving domestic market
Goyal also emphasized India’s rapid digital transformation, particularly in agritech, education, and other sectors of the economy. He stressed that inclusive growth creates new opportunities and fosters development across all regions of the country. Highlighting India’s reliability, he pointed out that Israel could view India as a trusted and dependable partner, citing India’s commitment fulfillment during the pandemic.
Nir Barkat, Israel’s Minister of Economy and Industry, noted that the delegation to the India-Israel Business Forum was the largest Israeli mission to any country.
“There is a special friendship between Prime Minister Narendra Modi and Prime Minister Netanyahu over the years, with strong government-to-government collaboration,” Barkat said.
He also emphasized the significance of the India–Middle East–Europe Economic Corridor (IMEEC) and the role of the India-Israel Business Forum in advancing this initiative.
The India-Israel CEO Forum featured strategic discussions among industry leaders, policymakers, and investors, focusing on expanding trade and business ties between the two nations.
Avi Balashnikov, Chairman of the Board at the Israel Export Institute, remarked, “People sometimes talk about big India and small Israel, but when I look, I see two giants—India as a giant in size and scale, and Israel as a giant in new ideas.”
The Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI), in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT) and the Embassy of Israel, successfully hosted the events. These engagements reinforced the deep-rooted economic and strategic partnership between India and Israel, unlocking new opportunities for trade, investment, and technological collaboration.
