Summary:

Union Minister Piyush Goyal stated at the ASSOCHAM India Business Reform Summit 2026 that India is using global geopolitical uncertainty to propel economic reforms, fortify supply networks, and quicken the country's progress towards Viksit Bharat 2047. He emphasised increased industrygovernment cooperation to boost competitiveness and ease of doing business. He highlighted the interruptions caused by COVID-19, the conflict in Ukraine, and the West Asian crisis while highlighting India's capacity to use governance and reforms to turn obstacles into opportunities. Approximately 2 million direct and 10 million indirect employment are presently produced by India's 1,800 Global Capability Centers. Growth is anticipated to be fuelled by emerging industries like artificial intelligence, cyber security, cloud computing, and data centers. Despite recent global uncertainty, India's exports hit a record Rs. 74.62 lakh crore.

Source: IBEF

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