Overview
Union Minister of Commerce and Industry Shri Piyush Goyal addressed the Citi India Conference 2026, declaring India the world’s most trusted investment destination. He linked this status to sustained economic growth, proactive trade diplomacy, and a series of reforms aimed at easing business and attracting long‑term capital.
Key Developments
- India has signed nine Free Trade Agreements (FTAs) in the last 3‑3.5 years, covering 38 developed economies.
- The Oman FTA became effective on 1 June 2026, with 2‑3 more expected within six months.
- The proposed India‑Canada FTA received a positive response from Canadian investors.
- The Jan Vishwas Act 2.0 was passed, de‑criminalising nearly a thousand offences.
- The government launched the Bhavya Scheme with an outlay of ~USD 3.5 billion to create 100 industrial parks.
- Four consolidated Labour Codes are now active, simplifying compliance for businesses.
- India plans to double renewable‑energy capacity from 250 GW to 500 GW by 2031 and attract Global Capability Centres (GCCs) for advanced manufacturing.
Important Facts
India’s consumer market stands at 1.4 billion people, offering a vast domestic base. Recent engagements with investors in Canada, the United States, New York and Toronto underscored