New Delhi, Dec 20 (NationPress) Commerce and Industry Minister Piyush Goyal stated on Saturday that through policy reforms, new Labour Codes, digital advancements, and strong export performance, India has emerged as a trustworthy global ally.

Speaking at the ‘World Hindu Economic Forum 2025’ on the theme ‘Establishing Brand Bharat: Competitiveness in Global Trade,’ Goyal highlighted that the government’s reformative strategy under Prime Minister Narendra Modi has laid the groundwork for the nation's journey towards a ‘developed India’ (Viksit Bharat).

“Vasudhaiva Kutumbakam embodies India's civilizational ethos, which Prime Minister Modi has adopted as the cornerstone of global leadership,” Goyal remarked during his address.

He emphasized that India's advancement is not merely a tale of economic success but also a transformation of values and perspectives.

“Thanks to policy reforms, labour codes, digital innovations, and rising exports, India has today solidified its status as a reliable global partner, which is crucial for our progress towards a developed nation,” Goyal shared on X social media.

The minister pointed out that India is bolstered by diversification, innovation, and strategic trade reforms that enhance its exports, despite global market uncertainties.

This growth signifies India’s resilience, showcasing high-value commodities, expanding international partnerships, and policy reforms that promote a more balanced and globally integrated trade scenario, particularly amid challenges posed by the US tariff situation.

India has secured multiple significant Free Trade Agreements (FTAs), with the most recent being the Comprehensive Economic Partnership Agreement (CEPA) with Oman, while negotiations with several other nations are also active.

This momentum is anticipated to further diversify exports, thereby enhancing trade stability, competitiveness, and long-term economic security amidst global uncertainties.

India’s exports surged by an impressive 15.52 percent to $73.99 billion in November this year, up from $64.05 billion in November 2024. Consequently, the trade deficit narrowed by over 61 percent, decreasing from $17.06 billion to $6.64 billion, according to data compiled by the Commerce Ministry.

The rise in exports was observed across essential merchandise and services sectors, coupled with steady demand from key partner nations. This performance highlights the resilience of India’s export sector amid shifting global trade dynamics.