Industry Bodies Must Widen Engagement To Support Growth: Piyush Goyal

New Delhi, Nov 19 (KNN) Commerce and Industry Minister Piyush Goyal today said the government’s performance has evolved from Virasat to Vikas and then Vishwaas, noting that a politics rooted in trust is propelling India toward the goal of becoming a developed nation. 

Goyal also outlined five expectations from industry bodies, calling for closer audits of advocacy outcomes, setting more ambitious goals, studying global models such as those of Korea and Sweden, mentoring future generations and expanding outreach beyond major cities to support businesses in remote regions. 

He noted, “Industry bodies should not remain confined to elite business circles but must widen their engagement to support growth across the country.” 

He was addressing the Curtain Raiser of FICCI’s 98th Annual General Meeting and Annual Convention, themed ‘India: Self-Reliant Economic Powerhouse’.

Goyal said the government has taken successive steps to simplify the legal framework for businesses, including two editions of the Jan Vishwas Bill, with a third version prepared to further decriminalise provisions across various laws. 

The Minister outlined four key dimensions for achieving Viksit Bharat: developing India into a domestic industrial manufacturing hub focused on quality, strengthening skill development among youth, fostering an investment-friendly ecosystem, and adopting cutting-edge technologies.

He also urged the industry to adopt a more ambitious and proactive approach to drive India’s growth. “Set bold targets. We cannot be satisfied with incremental growth—we need to venture beyond the ordinary. We need domestic capital in startups and R&D,” he emphasised.

FICCI President Harsha Vardhan Agarwal said, “India continues to grow at above 7 percent, the fastest among major economies, contributing nearly one-sixth of global growth.” 

“What makes this phase transformative is that India’s progress is increasingly driven by domestic capability creation, built on policy stability and confidence,” he added.

He reaffirmed FICCI’s commitment to partner with the government in strengthening India’s competitiveness and positioning the country as a resilient and trusted economic powerhouse.

(KNN Bureau)