FPJ Business Desk New Delhi

Commerce and Industry Minister Piyush Goyal on Monday said the government has embarked on a 100-day reforms agenda to transform India into a developed nation by 2047.

The minister said that in the next 100 days, the government will follow the clarion call given by PM Narendra Modi on August 15 to take India forward on a fast-tracked pathway, implement the vision of a developed nation by 2047, follow the ‘Panch Prans’ (five pledges) which have been articulated, and ensure that every citizen takes it upon themselves, as a sense of duty, to make India a prosperous and developed nation.

Goyal also referred to the global confidence in India’s economic growth, noting experts’ assessment that India is on course to emerge as the world’s most sought-after consumer market and a top investment destination.

“This progress is the result of the contribution of 140 crore Indians through programmes such as Make in India and Atmanirbhar Bharat, which are strengthening supply chains and building resilience. He added that India has arrived on the global stage and that, as Prime Minister Modi has said, “this is our time, the right time”. He was addressing the second Lokmat Global Economic Convention.

Goyal highlighted that Maharashtra is the largest economy in the country and contributes the most to India’s growth story. He said that in this era of transformation, the government is reforming processes to improve ease of living and ease of doing business by removing regulatory burdens, reducing compliances and supporting industry to invest fearlessly. He added that the media, working closely with the government, can play a vital role in this goal.

The minister said that India has concluded balanced, fair and equitable trade agreements with the UAE, Mauritius, the four nations of the EFTA group (Switzerland, Norway, Liechtenstein, Iceland) and the United Kingdom, and is making rapid progress with other engagements.

He said these efforts are collectively ensuring success for MSMEs, farmers and the animal husbandry sector, while protecting the interests of India’s dairy industry and expanding access for Indian goods and services across global markets.

The MOCI is also working on proposals such as further liberalising the FDI regime, easing investments from neighbouring countries, and more tax benefits for startups. The proposals, sources said, may include easing certain environmental norms for the leather and footwear industry, liberalised rules to promote exports through e-commerce hubs, and integrating lab testing and certification requirements for various sectors.

Reiterating PM Modi’s message, Goyal urged everyone to be “vocal for local,” transform processes and governance practices and focus on quality and cost competitiveness. He added that the bedrock of Vikshit Bharat is Atmanirbhar Bharat.