Union Minister of Commerce & Industry Shri Piyush Goyal highlights manufacturing, skilling, investment and technology as four pillars of India’s Vision of a developed nation by 2047
Nov 18, 2025
5 min read
75% UPSC
GS3PIB - Press Releases
Key Points
- Shri Piyush Goyal highlighted manufacturing, skilling, investment, and technology as key pillars for India's development by 2047.
- The government is streamlining FDI and FII processes to strengthen the investment climate.
- India aims to become a global manufacturing hub by enhancing domestic production and reducing reliance on single-source suppliers.
- Focus on skilling the 'Amrit generation' to meet industry standards and move beyond white-collar job aspirations.
- The government is committed to removing bottlenecks and reducing compliance burdens to improve ease of doing business.
- Emphasis on integrating technologies like AI, quantum computing, and machine learning into India's growth model.
- The Jan Vishwas (Amendment of Provisions) Act is playing a crucial role in decriminalizing minor offenses and fostering a facilitative business environment.
- India is recognized for its strength in talent and innovation, positioning it as a leader in emerging technologies.
- Prime Minister Shri Narendra Modi’s “politics of trust” has enabled India’s transformation into one of the world’s fastest-growing major economies.