Greece: India working towards becoming $5-trillion-economy by 2025, says Kovind
What's the story
India is striving to become a $5 trillion economy and the world's third-largest consumer market by 2025, President Ram Nath Kovind said in Greece, quoting World Bank, which stated India's growth rate is going to be high.
Kovind, the first Indian President to travel to Greece in 11 years, arrived in Athens on Saturday on the first leg of his three-nation tour.
Here's more.
Civilization
Greece, India presented ideals of civilization, culture in ancient-world: Kovind
Kovind said India had a very strong position worldwide with the perspective of democracy, demographic divided, and demand.
"Greece and India presented the ideals of civilization and culture in the ancient world. The relations between the two countries are very old and deep. Greek historian Megasthenes introduced India to the world through his book 'Indica'," Kovind said.
Currently, India's economy is estimated at $2.5-trillion.
Trade relations
India-Greece bilateral trade stands at $530mn
Kovind praised overseas Indians for playing an important role in improving bilateral relations.
The India-Greece bilateral trade stands at $530mn and some Indian companies are also present in the infrastructure, pharmaceutical and steel sectors in the central European nation.
Greece is home to a 12,000-strong Indian diaspora.
Kovind will also travel to Surinam and Cuba during his trip.