How are the Ease of Doing Business and FTAs Elevating India's Economy?
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Synopsis
India is on the rise as a self-reliant and globally trusted economy, thanks to key reforms like the Ease of Doing Business and free trade agreements. Commerce Minister Piyush Goyal highlights the growing confidence among startups and the youth in taking bold steps towards innovation and entrepreneurship.
Key Takeaways
- Ease of Doing Business reforms are crucial for economic growth.
- FTAs are creating new market opportunities for Indian startups.
- Increased public confidence is pivotal for investment.
- Young entrepreneurs are embracing risk-taking and innovation.
- Collaboration with foreign partners is encouraged.
New Delhi, Jan 17 (NationPress) The fundamental policy reforms in India, including the Ease of Doing Business, various free trade agreements (FTAs), and an increase in public confidence, are propelling the nation towards becoming a self-reliant, competitive, and globally respected economy, stated Commerce and Industry Minister Piyush Goyal on Saturday.
In a statement shared on the social media platform X, Goyal emphasized that under the guidance of Prime Minister Narendra Modi, the impactful reforms initiated in 2025 have revitalized startups, MSMEs, exports, and investments.
He highlighted that these strategic policy initiatives are pivotal in defining India’s trajectory and enhancing its standing in the international economic landscape.
"Molding India's future. Under Prime Minister Narendra Modi's leadership, the transformative reforms of 2025 have energized Startups, MSMEs, exports and investment," Goyal remarked.
"Essential policy actions like the Ease of Doing Business, FTAs, and rising public trust are contributing to India being a self-reliant, competitive and globally esteemed economy," he added.
Goyal's comments arrive as India is actively forging trade agreements with developed nations to create fresh opportunities for businesses and innovators.
During the 'Startup Pe Charcha' event at Bharat Mandapam in the capital on Friday, Goyal noted that the recent FTAs are unlocking new markets for Indian products and services while offering assurance and confidence to investors.
“These agreements present substantial opportunities for startups and entrepreneurs to expand on a global scale,” he stated.
Goyal urged Indian startups to seek collaborations with international counterparts, particularly in areas such as services, mobility, digital payments, sustainability, renewable energy, and advanced technologies.
“A significant transformation in the new and revitalized India is the growing self-assurance among the youth,” he remarked.
“Today’s young Indians are increasingly inclined to take risks, launch their own enterprises, and experiment with innovative ideas, demonstrating a clear shift from previous mindsets that preferred more secure career paths,” Goyal noted.
Point of View
The ongoing reforms and trade agreements signify a pivotal moment for India. The focus on startups and increased public confidence is essential for shaping a robust economy that thrives on innovation and entrepreneurial spirit. This aligns with the nation's ambition to become a global economic leader while fostering self-reliance.
NationPress
17/01/2026
Frequently Asked Questions
What are the main reforms mentioned by Piyush Goyal?
The key reforms include the Ease of Doing Business and various free trade agreements (FTAs).
How are these reforms impacting Indian startups?
These reforms are providing new opportunities and enhancing investor confidence, enabling startups to scale globally.
What sectors are encouraged for collaboration?
Startups are encouraged to collaborate in sectors such as services, mobility, digital payments, sustainability, renewable energy, and advanced technologies.
Why is the confidence among the youth significant?
The growing self-confidence among the youth is crucial as it fosters a culture of risk-taking and innovation, essential for economic growth.
What is the significance of the FTAs mentioned?
The FTAs are vital as they open new markets for Indian goods and services, providing certainty for investors.
