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
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PIB - Press Releases

Key Points

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

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