Jean-Claude Trichet on India’s 2047 goal

What happened: Former ECB President Jean-Claude Trichet said India's 2047 developed-nation goal rests on institutional stability and steady pursuit of reforms, and warned that power politics is displacing rules-based trade. Why it matters: He said the shift toward defence-oriented trade could cost global growth, and urged Europe and India not to adopt nationalistic trade approaches. Key numbers: Goal year cited is 2047.

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