Since coming to office, the Government has led a major upsurge in developing the political relationship with India and this will continue.“ India’s economic growth rate is expected to surpass nine percent over the next three years, despite the challenge of rising inflation, regulatory hurdles and inadequate infrastructure. With one of the youngest demographics in the world, robust domestic consumption and a growing middle class, India provides considerable opportunities as a consumer market and a global manufacturing hub.” World Economic Forum
This was capped off by Prime Minister Key’s visit to India in June 2011, accompanied by the Minister of Trade Tim Groser and a high-level business delegation. This was a timely opportunity to engage Indian Prime Minister Manmohan Singh and others in the Indian political leadership on the major regional and international issues of the day. Mutual understanding and joint cooperation were deepened as a result of the visit. The Indian Minister of Commerce and Industry, Anand Sharma, also visited New Zealand in 2011.
India is emerging as a key player in global and regional forums. As India’s influence grows, countries, including New Zealand, and institutions will need to embrace its rise, particularly in the Asian region.
New Zealand needs to continue to build influence and credibility with India, to achieve New Zealand’s regional and global objectives. The Government will pursue more relationships with Indian counterparts, seek out common ground on a range of issues, and work towards achieving solutions.