Indian Economy News

Union Minister of Commerce and Industry Mr. Piyush Goyal Calls on Youth to Drive India’s AI Journey

Union Minister of Commerce and Industry Mr. Piyush Goyal called upon India’s youth to embrace emerging technologies, upgrade their skills continuously and contribute to the vision of Viksit Bharat 2047. Addressing the inauguration of the SRCC Centenary Conclave on “Pathways to Viksit Bharat”, he highlighted the role of manufacturing, technology adoption and skill development in creating employment opportunities and strengthening India’s position in the global economy. Union Minister of Commerce and Industry Mr. Piyush Goyal emphasised that political stability, resilient supply chains and fair and transparent trade practices are increasingly important in determining a country’s attractiveness as a manufacturing and investment destination. He noted that India has opportunities to expand manufacturing, attract Investments and adopt advanced technologies across regions, including northern and northeastern India. He also encouraged young Indians to develop capabilities in artificial intelligence, cybersecurity and the practical application of emerging technologies to prepare for changing employment requirements.

Mr. Piyush Goyal stressed that continuous learning and personal development are essential for long-term career growth, urging students to transform technological advances into practical solutions for businesses and citizens. Drawing parallels with India’s information technology sector growth during the 1990s and 2000s, he encouraged young people to take a leading role in developing new technologies rather than merely adopting them. He also highlighted the contribution of startups and young entrepreneurs in addressing challenges, promoting innovation and strengthening India’s engagement with the global economy. Referring to the vision of Viksit Bharat 2047, he underscored the importance of ambition, national confidence, collective responsibility and India’s demographic dividend in sustaining economic growth over the coming decades. On trade relations, Mr. Piyush Goyal stated that the first tranche of the proposed US bilateral trade agreement had been finalised and was undergoing legal drafting, expressing hope for its early finalisation and operationalisation. Mr. Piyush Goyal urged students to pursue lifelong learning, adapt to technological change and contribute to India’s development through innovation and entrepreneurship.

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