India’s Commerce and Industry Minister Piyush Goyal celebrated the successes of the ‘Make in India’ initiative during an event marking its 10-year milestone in New Delhi. He shared how all the hard work to boost this program is finally paying off, driving real progress in the country’s economy.
Goyal stressed that everyone is pushing forward in “mission mode” to make doing business in India simpler and to ramp up manufacturing. This includes strong support for trade, industry, business, and even international deals. “By focusing on these areas, we’re setting India up for faster growth,” he said, pointing to the impressive 7.8 percent GDP growth in the first quarter of the current fiscal year. That number surprised economists, and Goyal promised India will keep exceeding expectations all the way to 2047.
The minister set an ambitious goal: turning India into a $30-32 trillion economy by the time the nation marks 100 years of independence. He took a swipe at past governments for their reactive approach to infrastructure, like building roads only after traffic jams worsened or expanding ports only when they overflowed. “Airports got planned only after they ran out of space,” he noted.
Things are different now, Goyal emphasized. India is planning ahead for growth. For instance, the new Jewar airport in Uttar Pradesh opens next month, even though Delhi’s airport still has room. And by the end of this month, Mumbai’s new airport will unlock huge opportunities for Maharashtra and the surrounding region.
Goyal also highlighted his recent two-day trip to the UAE, where over 75 industry leaders from sectors like textiles, marine fisheries, pharmaceuticals, and leather goods gathered. “It was an exciting event, and you could feel the buzz in the Gulf about partnering with India—especially in the UAE,” he said. Their bilateral trade has already topped $100 billion since the free trade agreement kicked in.
Looking ahead, Goyal announced a bold target from the High-Level Task Force on Investments: reaching $100 billion in non-oil, non-precious metal trade with the UAE within the next three to four years. To help small and medium enterprises (MSMEs) go global, he’s excited about ‘Bharat Mart,’ set to launch by early 2027. This hub will let Indian businesses showcase products, store goods, and speed up logistics for worldwide sales.
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