What's Happening?
India's Commerce and Industry Minister, Piyush Goyal, highlighted the impact of key policy reforms such as Ease of Doing Business and free trade agreements (FTAs) on India's economy. These measures are
contributing to India's emergence as a self-reliant and globally trusted economy. Under Prime Minister Narendra Modi's leadership, reforms implemented in 2025 have energized startups, MSMEs, exports, and investments. Goyal emphasized that recent FTAs are opening new markets for Indian goods and services, providing certainty and confidence to investors. He encouraged Indian startups to explore collaborations with foreign partners in sectors like digital payments and renewable energy.
Why It's Important?
The emphasis on policy reforms and FTAs is crucial for India's economic growth and global positioning. By improving the ease of doing business and establishing trade agreements, India is creating a conducive environment for entrepreneurship and investment. These initiatives are expected to boost exports and attract foreign investment, strengthening India's economic resilience and competitiveness. The focus on sectors such as digital payments and renewable energy aligns with global trends and positions India as a key player in these industries. The reforms also aim to enhance investor confidence, which is vital for sustained economic development.
