New Delhi, Aug 12: Union Commerce and Industry Minister Piyush Goyal has called on Indian businesses to look beyond domestic markets, strengthen fair-trade practices and embrace recycling as the country works towards its ambition of becoming a $30 trillion economy by 2047.
Speaking at the inaugural ceremony of the Bharatiya Vyapar Mahotsav in New Delhi, Goyal said India’s growing engagement with international markets has opened new opportunities for businesses of all sizes.
He highlighted the role of small businesses, entrepreneurs, farmers, fishermen, workers and the services sector in strengthening India’s economy and expanding the country’s presence in global markets.
Goyal said Indian companies now have an opportunity to reach more customers overseas and encouraged them to focus on quality, innovation, design and reliability if they want to build lasting global brands.
He also urged consumers to support Indian products, saying stronger demand at home can help businesses increase production, improve efficiency and become more competitive internationally.
The minister stressed that economic growth should go hand in hand with responsible business practices. He encouraged companies to use digital technology, improve their production processes and maintain fairness and transparency in their dealings.
Turning to sustainability, Goyal called for greater awareness of recycling and reuse. He said adopting circular-economy practices can reduce waste while creating new opportunities for businesses, entrepreneurs and workers.
For India to achieve its long-term economic ambition, he said growth must be a shared effort involving businesses, workers, consumers and entrepreneurs rather than being seen as the responsibility of the government alone.
The minister also pointed to the growing opportunities created by digitalisation, entrepreneurship and improvements in infrastructure, particularly for young people and small businesses.
India’s journey towards a $30 trillion economy will require sustained growth across manufacturing, services, exports and domestic enterprise. Goyal’s message was centred on making that growth more inclusive, competitive and environmentally responsible.
As Indian businesses increasingly look towards international markets, the emphasis on quality, fair trade and sustainability could become an important part of building a stronger and more trusted Indian presence around the world.
