It’s not just a necklace, it’s India’s century, says Piyush Goyal


It's not just a necklace, it's India's century, says Piyush Goyal

Piyush Goyal emphasized that India strives to ensure that every citizen of the country has.

New Delhi-

Interacting with faculty and students at the Stanford Graduate School of Business in San Francisco, Union Minister for Trade and Industry Piyush Goyal said that India stands for ‘opportunity’ and not only this decade, but the entire 21st century belongs to India.

Mr. Goyal invited Stanford University students to interact with India and work with more than a billion people with great aspirations.

Minister Goyal is on a six-day visit to the US for various programs including the India-US Strategic Partnership Forum Conference and the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting.

During interaction at the Stanford Graduate School of Business, Mr. Goyal noted that India had spent the past few years well creating the foundation on which the country could rapidly transform, grow its economy, improve its systems, interact with technology, and learn. The best in the world.

The minister also stressed that India strives to ensure that every citizen of the country and every child born in the nation enjoys the right to a good quality of life and a bright future.

Moreover, referring to India’s exports which had already crossed US$675 billion in the last fiscal year, he said the nation is now looking forward to raising international trade to US$2 trillion by 2030, adding that by the time India will celebrate its centenary . Independence would be 30 trillion dollars for the economy.

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“This is the kind of opportunity India offers to the world. This is not just India’s decade, it’s India’s century,” he added.

Moreover in his address referring to India’s youth who are rapidly becoming entrepreneurs and startup champions, Mr. Goyal said that India’s new education policy is giving impetus to liberal education and looking for deeper cooperation with the best schools in the world.

He added that India has successfully used several management principles such as root cause analysis, innovative financing models and economies of scale among others to ensure the success of the LED lighting programme. It should be noted that India has been able to save about 80 million tons of carbon dioxide emissions due to this programme.

Mr. Goyal added that India, which was once a net importer of LED lamps, now has many high quality LED lamp manufacturers which are exported to all over the world.

Later, on India’s success in fintech services, the minister said that nearly 40 per cent of all digital transactions occur outside India today, even with small sellers accepting digital payments.

(Except for the headline, this story has not been edited by the NDTV crew and is published from a syndicated feed.)