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The world sees India as an engine of economic growth: Union Minister Piyush Goyal

New Delhi: Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal has said that the world now sees India as an engine of economic growth. He was addressing the gathering at the Vyapari Udyami Sammelan here recently.

Stressing that India enjoyed the confidence of the world today, Goyal said that developed countries are very keen to sign trade deals with India now. He added that before 2014, the Indian economy was considered to be fragile and investors had their doubts about doing business with India. Stressing upon the need for transparency and ease of doing business, the Minister assured traders and entrepreneurs that the Government will fully support traders who raise their voice against harassment by any authority.

He called upon traders to work with the government to reduce compliance burden of people and businesses, but asked that they strictly follow ethical trade practices. Unnecessary, cumbersome and counter-productive laws and regulations must be uprooted to improve ease of doing business, he added.

He asked traders to give priority to the quality of goods and services that India offered. He also underscored the need to encourage youngsters to come forward and lend a youthful energy to India’s growth story with new ideas. The clarion call of ‘vocal for local’ given by Prime Minister Narendra Modi must be taken up by the youth of the nation, the Minister said.

Applauding the Prime Minister’s visionary welfare policies, Goyal said that these policies have been helping the poor emerge as consumers and have successfully transformed India’s population into its greatest strength. He added that the Prime Minister’s tireless work had ensured that every household in the country gets access to basic amenities such as cooking gas, drinking water, electricity and toilet and every village gets access to the internet.

The Minister also emphasized that traders and Micro, Small and Medium Enterprises (MSMEs) should benefit from demand for goods by beneficiaries of the Prime Minister’s welfare schemes. He asked all traders, entrepreneurs, and businesses, both big and small, to take a collective resolve to work together to take forward the dream of a self-reliant India by promoting more and more Indian products. /BI/