India's growth potential can pull world trade out of negative trend: FM

Union Finance Minister Nirmala Sitharaman has said that the international financial bodies like the IMF and the World Bank recognise India's potential to pull the engine of global world trade.

"We, when we say India is the fastest growing economy, and when the IMF or the World Bank recognises that India, because of the growth potential, can be India, China, many other such countries, can be the engine to pull the world trade, which is in the negative. They recognise the potential that exists in India," she told the Indian diaspora in the US.

The FM is on a five-day trip to the US. Apart from her interaction with the Indian diaspora in San Francisco on Monday IST, she will deliver a keynote address at Stanford University and is also expected to meet top tech CEOs and fund managers.

On the threat of a potential recession in some countries, the FM said the high-achieving individuals of the India diaspora can partner with India on various levels, which will not only benefit India but the US as well. "In this environment, if India is recognised for its potential economic strength that it has, if you high-end achievers in this area see the potential to partner with India, individually or commercially, cooperation to cooperation, you benefit, the US benefits, India benefits, Indian businesses benefit, and together we are going to have to lift the global trade and growth."