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India would remain among fastest-growing large economies over next 20-25 years: Commerce Minister
Oct-16-2026

Citing youthful population, demographic dividend, large domestic market and entrepreneurial drive as key drivers of sustained growth, Union Minister of Commerce and Industry Piyush Goyal has said that India would remain among the fastest-growing large economies over the next 20-25 years. He noted that Indian professionals are contributing to global businesses, technological development and scientific research, reflecting the growing role of India in shaping the global economic and technology landscape.

At the inauguration of the SRCC Centenary Conclave on ‘Pathways to Viksit Bharat’, he emphasized that investments in manufacturing, technology adoption and skill development would create opportunities for India’s youth and strengthen the country’s position in the global economy. He said that countries are increasingly being assessed as manufacturing and investment destinations on the basis of political stability, resilient supply chains and fair and transparent trading practices. He noted that India has an opportunity to attract investments, expand manufacturing and adopt new technologies, including in northern and northeastern India, to generate employment and support economic growth.

Goyal called upon young people to prepare for the changing employment landscape by developing skills in AI, cybersecurity and the practical application of emerging technologies. He said that large language models and other AI systems would need to be developed into practical tools that businesses and ordinary citizens could use. Drawing a parallel with India’s growth in the information technology sector during the 1990s and 2000s, he urged the youth to take a leading role in developing and applying new technologies rather than limiting themselves to their adoption.

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