At the 21st Annual Global Investor Conference 2025, Union Commerce and Industry Minister Shri Piyush Goyal delivered a compelling address outlining India’s economic transformation, future vision, and unwavering commitment to making the country a global investment and manufacturing hub. As part of the Azadi Ka Amrit Mahotsav, the Minister emphasized the Government’s proactive reforms and bold ambitions as India marches toward its long-term goal of Viksit Bharat 2047.
From Crisis to Opportunity: India’s Resilience
Shri Goyal reflected on India’s track record of turning crises into opportunities—be it the 1991 liberalization, the 2008 global financial crisis, or the COVID-19 pandemic. He reiterated that once again, India is poised to emerge stronger amid global uncertainties, thanks to robust economic fundamentals and visionary leadership.
Record-Breaking Growth and Investor Confidence
These indicators signal renewed investor confidence, supported by low CPI inflation, strong domestic capital inflows, and a high-performing banking sector.
Manufacturing PMI at 17.5-Year High
India’s Manufacturing Purchasing Managers’ Index (PMI) has hit a 17.5-year high, underscoring the strength of the Make in India initiative. Shri Goyal urged for greater private sector investments in key sectors such as drones, semiconductors, and CRGO steel, which are vital for building resilient domestic supply chains under Aatmanirbhar Bharat.
Ease of Doing Business: A Continuing Mission
The Minister emphasized the government’s ongoing reforms aimed at ease of doing business through:
- Deregulation of outdated policies
- Reduction in procedural burdens
- Simplification of laws
- Decriminalization of minor infractions
He also invited industry feedback to further enhance the investment climate, reduce duplication, embrace technology, and ensure ethical business practices.
Trade and Global Engagement
India continues to expand its global trade footprint with Free Trade Agreements (FTAs) signed with Mauritius, UAE, and Australia, and active negotiations underway with the EU, EFTA, UK, and possibly the USA by November 2025. These partnerships aim to solidify India’s role in the global supply chain.
Tax and Regulatory Reforms
Shri Goyal previewed GST 2.0 reforms, expected to simplify compliance and boost consumer sentiment. He also cited reductions in corporate and personal income tax, as well as RBI’s policy rate and CRR cuts, as efforts to stimulate the economy while maintaining macroeconomic stability.
Sustainability and Quality
Echoing the Prime Minister’s Zero Defect, Zero Effect mantra, Shri Goyal called on industries to adopt energy efficiency, renewable energy, and quality manufacturing that meets global standards without harming the environment.
A Shared Responsibility for Viksit Bharat 2047
Concluding his address, Shri Goyal stressed the collective responsibility of government and industry to transform India. “We are not here for incremental change; we are here for quantum leaps,” he declared, urging stakeholders to dream big and act boldly.