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Davos: India's Trade Powerhouse Rising
21 Jan
Summary
- India's vast consumer base offers significant trade leverage.
- Sunil Bharti Mittal predicts India will secure favorable trade deals.
- Focus on building scale is crucial for sustained prosperity.
At Davos 2026, industrialist Sunil Bharti Mittal highlighted India's strong negotiating position in global trade, attributing it to a large consumer base and accelerating infrastructure development. He expressed confidence that India will achieve favorable trade agreements, even with the United States, despite increasing global protectionism.
Mittal stated that India's ascent to the world's third-largest economy is inevitable. However, he cautioned that translating economic growth into lasting prosperity requires a strategic focus on building significant scale, aiming for an economy of $25-30 trillion.
Speaking on the evolving trade landscape, Mittal noted that the era of easy export-led growth, once enjoyed by China, is no longer available. He stressed that India's immense domestic market serves as its primary advantage, providing crucial leverage in trade negotiations.
