Ministers recognised value of French Development Agency’s work in India
Minister for Finance & Corporate Affairs Nirmala Sitharaman and Roland Lescure, Minister of Economy, Finance, Industrial, Energy, and Digital Sovereignty of France, have pledged to use the economic and financial dialogue as the main platform for addressing economic, financial, technological, investment and trade matters between the two countries.
Both Ministers agreed on exploring the possibility of holding the next edition of the dialogue in 2027 as they co-chaired the India-France Economic and Financial Dialogue (EFD) in Aix-en-Provence.
The visiting French Minister and her French counterpart recognised the value of the French Development Agency’s work in India for economic development and welcomed the prospects for future projects.
“As the economic relationship between India and France deepens within the broader framework of the special global strategic partnership, resuming high-level exchanges on international outlook, bilateral cooperation and outcome-oriented solutions had become essential,” the Finance Ministry said on 3 July.
During the visit of French President Emmanuel Macron to India in February 2026, and Prime Minister Narendra Modi, committed to holding the dialogue in 2026.
During this dialogue, India and France have discussed:
The search for greater alignment of India-France positions within multilateral economic platforms such as the G20 and the Paris Club, in the context of India’s association to the French G7 presidency. Both Ministers also exchanged views on the world economic outlook.
Potential areas for greater bilateral cooperation, for instance the roll-out of the India-France cooperation on critical minerals as part of a greater discussion between India and France on policies towards economic sovereignty and security; ways to increase cross-investments; opportunities in the high-speed railway sector following-on from the signature of the declaration of intent on railways.
Proposals to further connect the financial industries between India and France, the Ministry said in Delhi. Fiinews.com
