New Delhi: India is steadily positioning itself as a dependable partner in global trade, driven by wide ranging policy reforms, expanding exports and a strong push for digital innovation. Commerce and Industry Minister Piyush Goyal highlighted that these factors have significantly enhanced India’s credibility and competitiveness on the world stage.
Speaking at the World Hindu Economic Forum 2025, Goyal said governance rooted in reforms has created a solid base for long term economic transformation. He noted that new labour codes, simplified regulations and technology led systems have improved efficiency and transparency across sectors, making India more attractive to global investors and trade partners.
Addressing the theme of establishing Brand Bharat and enhancing competitiveness in global trade, the minister said India’s progress goes beyond economic growth. According to him, the country is also witnessing a shift in confidence, values and international engagement. He underlined that India’s civilisational principle of Vasudhaiva Kutumbakam, which views the world as one family, continues to shape its global outlook and leadership approach.
Goyal pointed out that despite global uncertainty caused by geopolitical tensions and tariff related challenges, India has managed to strengthen its export base. Diversification, innovation and strategic trade reforms have helped the country maintain balance while remaining globally integrated. Growth in high value exports and deeper engagement with multiple regions have supported this steady trajectory.
Free trade agreements are playing a crucial role in reinforcing India’s trade strategy. The government has signed several major agreements in recent years, including the Comprehensive Economic Partnership Agreement with Oman, while negotiations with other nations are ongoing. These arrangements are expected to boost competitiveness, expand market access and provide long term stability to exporters.
Recent trade data reflects the impact of these efforts. Exports recorded strong growth in November, leading to a sharp reduction in the trade deficit. The improvement was visible across key merchandise and services sectors, supported by consistent demand from major trading partners.
Together, reforms, exports and digital advancement are anchoring India’s journey toward becoming a developed and trusted global economic partner.
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