New Delhi, March 17 -- New Zealand Prime Minister Christopher Luxon on Monday acknowledged India's growing economic sophistication, highlighting the country's emergence as a critical source of pharmaceuticals and machinery for New Zealand.

Luxon's speech at the Raisina Dialogue 2025 marked a significant milestone in India-New Zealand relations, the growing diversity of trade between India and New Zealand, shifting beyond traditional wood exports.

Adressing the Raisina Dialogue 2025 inaugural session at Durbar, Luxon said, "Our trade has diversified considerably from wood, thanks to the increased sophistication of your economy. Today, India is a critical source of pharmaceuticals and machinery for us. While we are a great tourism and edu...