Indian Economy News

India emerging as trusted global investment destination, says Union Minister Mr. Piyush Goyal at Citi India Conference 2026

India has emerged as one of the world’s most trusted investment destinations and is well-positioned to remain the fastest-growing major economy for decades, Union Commerce and Industry Minister Mr. Piyush Goyal said while addressing the Citi India Conference 2026 on June 4, 2026. Speaking virtually, Union Commerce and Industry Minister Mr. Piyush Goyal highlighted India’s economic resilience, expanding manufacturing ecosystem, infrastructure development and widening network of trade agreements as key factors driving global investor confidence. Referring to recent engagements with investors and business leaders in Canada and the United States, the statement noted that long-term global capital increasingly views India as a reliable partner, supported by its democratic framework, rule of law, technological capabilities and vast consumer market. The statement further emphasised that the proposed India-Canada Free Trade Agreement has received encouraging responses from investors, while discussions with leading global investment firms reinforced confidence in India’s long-term growth prospects. Over the past three-and-a-half years, India has signed nine free trade agreements covering 38 developed economies, expanding market access, facilitating investments and promoting talent mobility.

Additionally, the statement noted that reforms aimed at improving the ease of doing business, include the recently enacted Jan Vishwas Act 2.0, which decriminalises nearly 1,000 offences where there is no intent to defraud or threaten public safety. Moreover, the statement outlined that the government will develop 100 industrial parks under the Bhavya Scheme with an outlay of nearly Rs. 31,619 crore (US$ 3.5 billion), featuring plug-and-play infrastructure to support manufacturers and MSMEs. The statement also underscored that India is investing nearly Rs. 11.74 lakh crore (US$ 130 billion) in highways, ports, airports and rural connectivity projects, while expanding renewable energy capacity and strengthening water infrastructure. It further elaborated that India is strengthening its focus on semiconductors, artificial intelligence, innovation-led manufacturing, workforce skilling and intellectual property protection, positioning the country as a major global growth and investment hub.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.