New Delhi: On 2 September 2025, Union Minister of Commerce and Industry Shri Piyush Goyal addressed the 21st Annual Global Investor Conference, underscoring the government’s unwavering commitment to simplifying business processes and sustaining India’s economic momentum on its path to Viksit Bharat 2047. Highlighting India’s recent achievements and growth story, Shri Goyal emphasized the importance of deregulation, policy simplification, and investment in the Make in India program.
Economic Resilience and Current Performance
Recalling India’s consistent ability to transform crises into opportunities—from the 1991 economic crisis to the pandemic—Shri Goyal noted that India is poised for a new phase of growth supported by strong fundamentals. The manufacturing Purchasing Managers’ Index (PMI) is at a 17.5-year high, reflecting robust industrial activity. The government aims to sustain this momentum via increased investments and infrastructure development, serving as a force multiplier for economic expansion. India’s GDP growth of 7.8% in Q1 of FY 2025 marks the fastest five-year quarterly growth, with private capital expenditure rising 66%, foreign direct investment up 14%, and millions of demat accounts opening monthly.
Policy Reforms and Ease of Doing Business
Shri Goyal reaffirmed the government’s dedication to creating a business-friendly environment by deregulating, reducing procedures, simplifying policies, and decriminalizing laws. Upcoming GST 2.0 reforms measured to enhance consumer sentiment and streamline compliance are anticipated in the near future. The government’s tax reforms, coupled with RBI’s monetary easing, continue to support economic stability, keeping inflation at a historic low of 1.5%.
Strengthening Trade and Global Engagement
The Minister highlighted India’s trade progress, with concluded Free Trade Agreements (FTAs) with Mauritius, the UAE, and Australia, and active negotiations with the European Free Trade Association (EFTA), European Union, and the United Kingdom. Dialogues with the USA are ongoing, with hopes to finalize a bilateral trade agreement by November 2025.
Commitment to Resilient, Sustainable Growth
Aligning with Prime Minister Shri Narendra Modi’s vision, the government promotes Aatmanirbhar Bharat — not through protectionism but by building resilient, diversified supply chains and encouraging domestic manufacturing in sectors like drones, semiconductors, and CRGO steel. Shri Goyal also emphasized industry’s role in sustainability, citing energy-efficient technologies and the Prime Minister’s call for “Zero Defect, Zero Effect” manufacturing—delivering quality without environmental harm.
Vision for the Future: Global Investor Conference 2025
Concluding his address, Shri Goyal urged collaboration between government and industry to enact transformative change beyond incremental progress. “We are here for quantum leaps,” he stated, envisioning an India that leads globally and inspires the world, reflecting the aspirations of 140 crore Indians and the nation’s march towards Viksit Bharat 2047.
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Source: PIB
