Indian PM Modi's visit: When will NZ businesses see trade deal benefits? |Heral…
Indian PM Modi's visit: When will NZ businesses see trade deal benefits? |Herald NOW Business
NZ Herald ·
Indian PM Modi's visit: When will NZ businesses see trade deal benefits? |Herald NOW Business
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{"v":1,"chapters":[{"timeSeconds":0,"label":"Indian PM Modi's visit to NZ","summary":"The video discusses the economic impact of Indian Prime Minister Narendra Modi's visit to New Zealand. It highlights that the Indian diaspora in New Zealand contributed $37.3 billion to the economy in 2025."},{"timeSeconds":25,"label":"Economic contribution of Indian diaspora","summary":"Sunil Kaushal from the Waitakere Indian Association explains that the Indian diaspora has been in New Zealand for over 200 years. They have laid the foundation for New Zealand's economic growth, transitioning from gold mining to market farming and other sectors."},{"timeSeconds":104,"label":"Impact on businesses and employment","summary":"The previous report commissioned in 2019-2020 showed that the Indian diaspora contributed significantly to businesses and employment. This contribution is estimated to be about 8.3% of New Zealand's GDP, equating to nearly 21,000 full-time jobs."},{"timeSeconds":141,"label":"Turning FTA into real trade","summary":"The discussion shifts to leveraging the Free Trade Agreement (FTA) to benefit the entire country. The sentiment is that this agreement can be a link for the rest of New Zealand to connect and make the most of the trade deal."},{"timeSeconds":247,"label":"India as a gateway for growth","summary":"The conversation highlights that India is a gateway for global growth, and the diaspora plays a crucial role. Many in the Indian diaspora have roots in countries like Kenya, Tanzania, and Fiji, demonstrating a broad network."},{"timeSeconds":311,"label":"Diaspora's role in global business","summary":"The discussion emphasizes that the Indian diaspora's connections are vital for businesses globally. It suggests that New Zealand can leverage these networks, with individuals whose families have roots in various African nations and Fiji, to foster international business relationships."}]}
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