The upcoming trade deal between India and the European Union (EU) is anticipated to be a significant development, according to Assam Chief Minister Himanta Biswa Sarma. Sarma highlighted the strong and trusted ties between the two entities, emphasizing the increasing cooperation across various sectors.
Europe’s recognition of India as a reliable partner has been evident through recent statements by EU leadership. The EU views India as a major global investment hub, attributing this to India’s stable policies and rapidly growing economy. This positive outlook has led to sustained European investments and partnerships in India.
The India-EU Summit, set for January 27, signifies the ongoing strengthening of economic relations amidst global market uncertainties. Sarma pointed out that the International Monetary Fund (IMF) has revised India’s growth target, forecasting a growth rate of 7.3 percent for FY26. India’s economic prowess is expected to elevate it to the position of the third-largest economy in terms of GDP, offering numerous advantages.
Sarma emphasized India’s resilience as a mature democracy with consistent policies and the ability to adapt to market challenges by diversifying and exploring new opportunities. He highlighted India’s strengths, including its vast domestic market, which provides a solid foundation for economic growth and expansion.
This marks Assam’s inaugural presence at Davos, where Sarma has been actively engaging with global leaders to showcase investment opportunities in the state. Assam is proactively preparing its workforce for an AI-driven future by focusing on skill development aligned with industry needs. Sarma shared Assam’s initiatives in reshaping its skilling ecosystem to meet the demands of emerging technologies and industries during the WEF annual meeting.
