#IndiaGrowthStory #PiyushGoyal #FICCILeads2025 #FastestGrowingEconomy #InclusiveGrowth #ResilientIndia #SustainableDevelopment #ViksitBharat2047 #GlobalTrade #FTA #InvestmentIndia
New Delhi – Union Minister of Commerce and Industry, Shri Piyush Goyal, reaffirmed India’s position as the world’s fastest growing large economy, underlining the nation’s unwavering commitment to inclusive, sustainable, and resilient growth. Delivering the keynote address at the prestigious FICCI Leads 2025 Summit, he outlined India’s unique journey of transformation and the leadership role it is playing in shaping global economic discourse.
India’s Growth Philosophy: Resilience, Inclusivity, Leadership
Shri Goyal stressed that India’s growth narrative rests on three fundamental pillars—resilience, inclusivity, and action-oriented leadership.
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Resilience in the face of crises
He highlighted how India has historically turned challenges into opportunities. From tackling the Y2K crisis to navigating the global financial downturn and more recently the COVID-19 pandemic, India has shown unmatched adaptability.“During the pandemic, India administered over 2.5 billion vaccine doses, ensured that no citizen died of starvation, and still emerged as the fastest growing major economy,” Shri Goyal said, adding that this resilience continues to inspire confidence in India’s economic fundamentals.
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Inclusive growth model
Over the last decade, India has implemented social and economic initiatives that have transformed millions of lives. Shri Goyal emphasized that 40 million families have been provided with free homes, equipped with electricity, water connections, cooking gas, digital connectivity, and road access.More importantly, 250 million Indians have been lifted out of poverty, reflecting the scale of inclusive policies. Rising aspirations, expanding incomes, and growing infrastructure access are enabling India’s grassroots transformation, he added.
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Leadership driving global engagement
Shri Goyal noted that under Prime Minister Narendra Modi’s leadership, India has engaged with the world with strength and confidence. India has concluded Free Trade Agreements (FTAs) with Mauritius, the UAE, Australia, and the EFTA nations.-
The UAE FTA was negotiated in record time.
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The Australia agreement is already in its second implementation stage.
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The EFTA agreement commits USD 100 billion in investments over 15 years, generating one million jobs.
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Recently, India concluded a balanced FTA with the United Kingdom.
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Ongoing negotiations with the European Union, Oman, the United States, New Zealand, Chile, Peru, Qatar, and others are expected to add USD 500 billion in investments, equivalent to over ₹45 lakh crore, across manufacturing, services, and innovation.
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Investor Confidence and R&D Strength
Shri Goyal underlined that India’s stock markets are among the best-performing globally, reflecting strong investor confidence. Domestic reforms, coupled with international agreements, have created a vibrant ecosystem for innovation, entrepreneurship, and sustainable growth.
He further emphasized India’s cost-efficient R&D ecosystem. “With an investment of USD 12 billion in R&D, India delivers outcomes comparable to over USD 100 billion worth of work in Europe or the UK. This is a testament to the nation’s talent and cost efficiency,” he said.
These competitive advantages are encouraging global businesses to view India as a reliable, resilient, and forward-looking investment destination.
Sustainability at the Core
The Minister highlighted that sustainability is not an imported idea for India but is deeply ingrained in its cultural ethos. Reverence for rivers, forests, and mountains has always shaped India’s developmental philosophy.
“When this cultural foundation of sustainability meets cutting-edge technologies like artificial intelligence, quantum computing, and machine learning, the results can transform not just India but the global economy,” Shri Goyal observed.
India’s Role in the Global Economy
Shri Goyal emphasized that India’s growth story is not confined to domestic achievements but extends to contributing to global prosperity. With its democratic values, safe investment climate, and young aspirational population, India is expected to remain the fastest growing large economy for decades to come.
He stressed that India is driving free trade, innovation, and higher living standards worldwide, thereby reinforcing its image as a trusted global partner.
Concluding his keynote, Shri Goyal said:
“The future is ours to capture and lead. India’s growth is built on resilience, inclusivity, and global partnerships. Platforms like FICCI Leads will continue to inspire collaboration, innovation, and sustainability for a better tomorrow.”
Conclusion
Shri Piyush Goyal’s address at FICCI Leads 2025 highlighted the unique blend of India’s cultural values, reform-driven economy, and forward-looking leadership. With a strong emphasis on resilience, inclusivity, and sustainability, India is not just charting its path to Viksit Bharat by 2047, but also positioning itself as a partner in global growth and development.
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