Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said that technology and policy initiatives of the Government serve as enablers to empower businesspersons for faster growth and development. During his address at the Diamond Jubilee event of the Federation of Freight Forwarders Associations in India (FFFAI) as the Chief Guest today in New Delhi, he encouraged the members of FFFAI to work in a completely transparent manner.

Piyush Goyal stressed upon inclusive development and creation of opportunities for all those left behind so that everyone can participate in the making of developed India. He said that the entire country is looking towards a prosperous future with a better world for our children. While quoting the Chairman, FFFAI, Shankar Shinde, he said that one must use their experience in their experiments to achieve their expectations.

The Minister said that corruption is a termite from which the country has to be saved. Goyal emphasized upon the importance of Panch Pran enunciated by the Prime Minister Narendra Modi. He said that the Panch Pran acts as the roadmap for the country for the next 25 years and mentioned that the Prime Minister had spoken about Nari Shakti for women led development and eliminating corruption while enunciating the Panch Pran.

Piyush Goyal said that India is respected and recognized the world over and is being watched in its journey towards a developed and prosperous nation. He said that the world is expecting India to drive the economic growth and turn this century into India’s century.

The Minister said that economic growth compounds itself and in the last 25 years there has been 10x economic growth in the last 25 years. Goyal said that the demographic dividend and strong fundamentals of the economy will drive the growth in the Amrit Kaal.

Goyal highlighted that India is the fastest growing large economy in the world with inflation under control during the last 9 years and said that the Government under the leadership of the Prime Minister had mandated the Reserve Bank of India (RBI) to keep inflation in check.

The Minister cited the examples of a strong and resilient banking system enabling large loans as well as MUDRA Loans, high rate of digital transactions with Unified Payment Interface (UPI) system, significant growth in overall exports over the years, high remittance, continuous growth of Foreign Direct Investment (FDI), robust stock markets, food security, etc. to showcase the development journey that India is undergoing.

The Minister said that the target of achieving overall exports to US$ 2 Trillion by 2030 is doable and a business opportunity for FFFAI members. He said that the economy has to be internationalised and the economy has to act as a larger player in the world markets.