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India and partners signed a trade deal boosting exports, while India projected strong growth and attracted major investments.
At the 56th World Economic Forum in Davos, India and partner nations, including the UAE, signed a Comprehensive Economic Partnership Agreement (CEPA), granting duty-free access for goods and boosting trade in industries, agriculture, and aviation.
Lulu Mall founder Yusuf Ali praised India’s investor-friendly environment after meetings with state leaders, stressing the importance of concrete agreements over memorandums.
Union Minister Ashwini Vaishnaw affirmed India’s stable democracy and strong economic outlook, projecting 6–8% real and 10–13% nominal growth over the next five years, driven by ease of doing business reforms and progress in semiconductors and AI.
Maharashtra announced plans for an Innovation City and 16 GW of solar power, with Tata Group committing $11 billion in investment.
The EU affirmed readiness to deepen cooperation, while India reiterated its push for a final India-EU Free Trade Agreement and stronger ties with Central Asia.
India y sus socios firmaron un acuerdo comercial que impulsó las exportaciones, mientras que India proyectó un fuerte crecimiento y atrajo importantes inversiones.