India, Feb. 19 -- Union minister of commerce and industry Piyush Goyal on Tuesday declared that India would become the third-largest economy in the world by 2027-28, and would add around $26 trillion to its economy by 2047. He said the nine free trade agreements (FTAs) the country had inked since 2022 were done from a position of strength, and specifically to ensure employment and secure the interests of fisherfolk, farmers, Micro and Small Medium Enterprises (MSME).

Goyal said that the scale of growth in India was unparallelled in history and unlikely to be replicated anywhere in the world in future. "Today, India does not appear as a meek country, and we are not apologetic about some of the problems that we have," he said. "We are nego...