Okonjo-Iweala noted that global supply chains are being reconfigured and India is emerging as a key beneficiary. She pointed to the rapid rise of green trade and digitally delivered services — now worth nearly USD 5 trillion — growing at 6–8% annually. India, she added, has a “unique opportunity” to expand further as it is already strong in digital trade, while South–South trade is picking up again.
Highlighting India’s role in ongoing WTO reform discussions, she said the country can help build a more flexible system that supports smaller developing economies. Her message, she said, is for India to work with the global community to strengthen a system that has delivered for decades but needs to do more, especially for developing nations.
She lauded India’s economic momentum, calling it the world’s fastest-growing major economy in recent years, with growth above 6% in 2024–25. This pace, she said, is expected to continue on the back of robust demand, investment and stable macroeconomic conditions. She also congratulated Prime Minister Narendra Modi and the government for the performance.
Emphasising the importance of multilateralism, the WTO chief said global growth is impossible without global trade growth. Despite a rise in bilateral deals, she said, strong global institutions remain essential for financial and trade stability.She cautioned that the world is facing the “greatest disruptions in eight decades,” with trade rules under strain. Acknowledging long-standing concerns raised by India and other developing countries — including public stockholding, lack of integration, and unfulfilled mandates — she said the failure of the Doha Round created lasting frustration.However, she stressed that dwelling on past grievances will not help. Instead, constructive reforms can strengthen resilience and unlock new opportunities for all members, she added.
(With inputs from agencies)