Piyush Goyal, India’s Commerce and Industry Minister, asserted that the country’s journey to becoming a self-reliant, dependable economy owes much to ease-of-doing-business revolutions, FTAs, and forward-thinking reforms. His remarks at a high-profile conclave highlighted the tangible impacts of these initiatives.
Decisive steps like the Goods and Services Tax (GST) and corporate tax cuts have streamlined operations, fostering a startup ecosystem now numbering over 1 lakh entities. ‘Ease of business is the bedrock of our growth story,’ Goyal remarked.
Strategic FTAs with Mauritius, Korea, and Japan, alongside emerging ones with Israel and South America, have diversified trade risks and boosted remittances. Exports hit $450 billion last year, signaling robust external demand.
Reforms in agriculture, MSME credit, and digital payments have permeated every sector, ensuring inclusive progress. The Atmanirbhar push via vocal-for-local campaigns has revitalized traditional industries while nurturing high-tech frontiers.
Goyal envisioned a future of deepened reforms, emphasizing skill development and eco-friendly practices. As India outpaces peers in recovery metrics, its narrative of resilience and openness continues to inspire confidence worldwide.