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India's Reforms & FTAs Fuel Self-Reliant, Globally Trusted Economy: Goyal

Commerce Minister Piyush Goyal stated that key policy reforms, including Ease of Doing Business initiatives and new Free Trade Agreements, are positioning India as a self-reliant and globally trusted economy. He highlighted that these measures, under Prime Minister Modi's leadership, are energizing startups, MSMEs, exports, and investments. Goyal emphasized that recent FTAs are opening new markets for Indian goods and services while providing certainty to investors. He also noted a significant shift in mindset, with young Indians now more confident and willing to take entrepreneurial risks.

Key Points: India's Ease of Biz & FTAs Boost Global Trust: Piyush Goyal

  • Ease of Doing Business reforms
  • Free Trade Agreements (FTAs)
  • Boosting startups & MSMEs
  • Rising youth confidence & risk-taking
2 min read

Ease of doing biz, FTAs boost India's self-reliant and globally trusted economy: Piyush Goyal

Commerce Minister Piyush Goyal says policy reforms and FTAs are making India a self-reliant, competitive, and globally trusted economy for startups.

"Key policy steps such as Ease of Doing Business, FTAs and public confidence are making India a self-reliant, competitive and globally trusted economy. - Piyush Goyal"

New Delhi, Jan 17

India's key policy reforms such as Ease of Doing Business, free trade agreements and growing public confidence are helping the country emerge as a self-reliant, competitive and globally trusted economy, Commerce and Industry Minister Piyush Goyal said on Saturday.

In a post on social media platform X, Goyal said that under the leadership of Prime Minister Narendra Modi, decisive reforms carried out in 2025 have infused fresh energy into startups, MSMEs, exports and investments.

He said these policy measures are shaping India's future and strengthening its position in the global economy.

"Shaping India's future. Under the leadership of Prime Minister Narendra Modi, the decisive reforms of 2025 have infused new energy into Startups, MSMEs, exports and investment," Goyal mentioned.

"Key policy steps such as Ease of Doing Business, FTAs and public confidence are making India a self-reliant, competitive and globally trusted economy," he added.

The minister's remarks come at a time when India is actively signing trade pacts with developed economies to create new opportunities for businesses and entrepreneurs.

Speaking at the 'Startup Pe Charcha' interaction at Bharat Mandapam in the national capital on Friday, Goyal said India's recent FTAs are opening up new markets for Indian goods and services while providing certainty and confidence to investors.

"These agreements offer significant opportunities for startups and entrepreneurs to scale up globally," he said.

Goyal encouraged Indian startups to explore startup-to-startup collaborations with foreign partners, especially in sectors such as services, mobility, digital payments, sustainability, renewable energy and advanced technologies.

"One of the biggest changes in a new and resurgent India is the rising self-confidence among the youth," he said.

"Young Indians are now more willing to take risks, start their own ventures and experiment with new ideas, marking a clear shift from earlier mindsets that favoured safer career options," Goyal mentioned.

- IANS

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Reader Comments

S
Sarah B
While the sentiment is positive, I hope these FTAs are carefully negotiated. We must protect our local industries and farmers. Self-reliance shouldn't come at the cost of opening floodgates to cheap imports.
P
Priya S
The confidence in our youth is palpable! My brother just left his IT job to start a cleantech venture. The ecosystem is so much more supportive now. Jai Hind! ✨
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Rohit P
Good to hear, but the ground reality for MSMEs is still tough. Access to credit and dealing with state-level regulations can be a nightmare. Hope the 'ease' reaches the last mile.
K
Karthik V
FTAs with developed economies are a game-changer. It gives our tech startups a huge market to scale. The focus on sustainability and digital payments is spot on for global appeal.
M
Michael C
As an investor looking at India, the regulatory clarity and trade agreements definitely boost confidence. The startup energy in Bangalore and Hyderabad is incredible. Keep it up!

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