Indian President Droupadi Murmu said on Thursday that India is expected to become a 5 trillion dollar economy in the coming years, and she hopes that the country will achieve the target in partnership with ‘friends’ like Slovakia.
She remarked while addressing the Slovakia-India Business Forum in Bratislava.
Addressing the gathering, the President said that India and Slovakia have historically shared close and friendly relations.
“Over the years, our countries have collaborated in various sectors. It is now time to explore the diversification of our trade basket,” Murmu said.
The President said that India is undergoing a remarkable transformation, emerging as a global leader in technology, innovation, and sustainable development.
“We have seen significant success in renewable energy, digital technology, information technology, telecom, auto and auto-components, pharma and biotechnology, space and fintech,” Murmu said.
USD 5 trillion economy
Murmu said that India is one of the fastest-growing economies in the world, and Slovakia, with its strong industrial base and strategic location in Europe, presents great opportunities for deeper trade and investment ties.
“As a key member of the European Union and a hub for automotive, defence, and high-tech industries, Slovakia stands to benefit from India’s vast consumer market, skilled workforce, and thriving start-up ecosystem,” she said.
President Murmu also invited Slovak companies to join India’s ‘Make in India’ initiative.
Murmu said that the Slovakia-India Business Forum serves as an excellent platform to explore synergies and build mutually beneficial partnerships.
She urged business leaders to seize the opportunities and convert them into concrete results.
The Indian President expressed confidence that the deliberations at the Forum would lead to lasting partnerships.
Honoris Causa Doctorate
In the subsequent engagement, the President visited the Constantine the Philosopher University in Nitra, where she was conferred with an Honoris Causa Doctorate degree in recognition of her distinguished career in public service and governance, advocacy for social justice and inclusion, and contribution towards education, women empowerment and promotion of cultural and linguistic diversity.
