India looks for equity, balance and fair trade when negotiating a Free Trade Agreement: Union Minister of Commerce & Industry Mr. Piyush Goyal

Union Minister of Commerce and Industry, Mr. Piyush Goyal, highlighted India's commitment to equity, balance, and fair trade during his keynote address at the 27th CITIC CLSA India Forum in Mumbai. He stressed that India seeks Free Trade Agreements (FTAs) with transparent, open countries whose economic systems align with India’s objectives. He underlined that fulfilling citizens' basic needs has been a top priority for the government, enabling Indians to aspire to greater goals. He pointed out that the 4D advantage of Democracy, Demographic Dividend, Demand, and Decisive Leadership under Prime Minister Mr. Narendra Modi fuels India’s growth. He encouraged continued investment in India, emphasising that as the nation becomes a Viksit Bharat by 2047, it offers unparalleled business opportunities for the world.

He also addressed the topic of skill development, noting that the government has allocated US$ 355.5 million (Rs. 3,000 crore) towards five schemes in the Budget 2024. He highlighted the focus on allowing the youth to personalise their formal education to align with their career aspirations and transition into preferred vocations. He added that spending on corporate social responsibility (CSR) in skill development would significantly drive progress in the coming years. He reaffirmed the government's commitment to equipping India’s workforce with the necessary skills for future growth.

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