Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food and Public Distribution and Textiles today while addressing the inaugural session of ‘FICCI’s 96th Annual General Meeting and Annual Convention’ on the theme- ‘The World’s Growth Engine’, emphasized that the incredible India is gradually converting into inevitable India and that is going to be the journey for next 25 years. We are looking at a self-reliant and an Atmanirbhar Bharat- a Bharat that is not only vocal for local but a Bharat which goes global. The Bharat of today will indeed be the world’s growth engine and collectively India is going to be powering the world economy for several decades to come. Our mission is clear to make India a developed nation with a 10x growth to become a $35 trillion economy by 2047, he added.

Speaking on the recently passed the Jan Vishwas (Amendment of Provisions) Act, 2023 Goyal said that it is an act to amend certain enactments for decriminalizing and rationalizing offenses to further enhance trust-based governance for ease of living and doing business. Highlighting the potential of Indian economy and forex reserves, Goyal said that at current levels of current account deficit or levels of trade deficit, our foreign exchange reserves are enough for the next 5-6 years without any threat to India’s economy or our foreign currency valuations. The way country is transforming towards innovative India, Goyal stated that 3 pillars are key to sustain this growth. Pillar of strong fundamentals of the economy, the pillar of an aspirational India and the pillar of massive investments directed towards infrastructure is what will define the next 3 decades of India.

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