In a resounding endorsement of India’s economic journey, Commerce Minister Piyush Goyal declared the nation a beacon of self-reliance and trustworthiness on the world stage. Attributing this to ease of doing business enhancements, pivotal FTAs, and sweeping policy overhauls, Goyal painted a picture of an economy ready to lead.
The minister detailed how regulatory hurdles have been dismantled, propelling India from 142nd to 63rd in global ease of business metrics. ‘Our focus on digital governance and transparent processes has unlocked entrepreneurial potential across the board,’ he noted during his address.
FTAs have been game-changers, forging stronger ties with key partners and diversifying trade baskets. Agreements with ASEAN nations and the recent UAE deal have spiked exports by double digits, while negotiations with Canada and the EU promise even more.
Domestic reforms like labor code consolidations and insolvency resolutions have instilled confidence among investors. The PLI initiative, with over ₹2 lakh crore allocated, is catalyzing self-sufficiency in electronics, pharmaceuticals, and auto sectors.
Goyal stressed the role of these efforts in navigating post-pandemic recovery, with India achieving 8.2% growth last fiscal. ‘We’ve built resilience through innovation and inclusivity,’ he said. With infrastructure investments soaring and startups booming, India’s story is one of unstoppable momentum, inviting global collaboration for mutual prosperity.