Have All Efforts to Promote 'Make in India' Started Yielding Results?
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Synopsis
Piyush Goyal reveals that the 'Make in India' initiative is finally reaping benefits, as evidenced by the impressive GDP growth rate. With ambitious goals set for the future, this event marks a significant milestone in India's economic journey.
Key Takeaways
- Positive outcomes from the 'Make in India' initiative are finally visible.
- India's GDP growth rate hit 7.8% in the first quarter.
- Aiming for a $30-$32 trillion economy by 2047.
- Jewar Airport and Mumbai airport are opening new opportunities.
- Plans for the 'Bharat Mart' to support MSMEs by 2027.
New Delhi, Sep 20 (NationPress) All initiatives aimed at advancing the 'Make In India' program have begun to show positive outcomes, according to Commerce and Industry Minister Piyush Goyal on Saturday.
While speaking at the event titled “Celebrating 10 Years of Make in India,” the minister emphasized that the mission is to simplify business operations in India, enhance manufacturing capabilities, and bolster trade and commerce, including international dealings.
He pointed out that this approach is anticipated to foster rapid growth in the nation, referencing the recent GDP growth of 7.8% during the first quarter of the fiscal year.
“Could anyone have predicted such a growth rate? It surpassed all economists' forecasts, and we will continue to exceed expectations through 2047,” the minister asserted.
Goyal highlighted the urgency of transforming India into a $30-$32 trillion economy by the centenary of our Independence.
Criticizing previous administrations, he remarked that infrastructure was often developed reactively—only after roads became congested or ports became overloaded.
“Jewar Airport is set to commence operations next month, while New Delhi Airport still has spare capacity. We are preparing for growth,” Goyal mentioned.
By the end of this month, the new Mumbai airport will create numerous opportunities for the state of Maharashtra and the broader region, he added.
The minister also discussed the outcomes of his recent two-day visit to the UAE.
“Many of us were in the UAE on September 18-19, where over 75 industry leaders from various sectors—textiles, marine fisheries, pharmaceuticals, and leather goods—gathered,” Goyal stated.
He described the event as productive, noting the palpable enthusiasm in the Gulf region for India, especially in the UAE.
“We have surpassed $100 billion in bilateral trade with the UAE since the FTA,” Goyal highlighted.
“During our visit to the High-Level Task Force on Investments, we reset our target to achieve $100 billion in non-oil, non-precious metal trade with the UAE within three to four years,” he added.
The minister announced that the 'Bharat Mart' will be established by early 2027, providing MSMEs a platform to showcase their products, along with warehousing facilities and improved logistics for global supply.
Point of View
It is clear that the 'Make in India' initiative is a significant step towards boosting the economy. With concrete results beginning to emerge, the focus on infrastructure and international trade is essential for sustainable growth. The government's proactive approach marks a departure from past methods, positioning India for a prosperous future.
NationPress
20/09/2025
Frequently Asked Questions
What is the 'Make in India' initiative?
The 'Make in India' initiative is a government program aimed at encouraging manufacturing and attracting foreign investments to boost the Indian economy.
What recent growth rate did India achieve?
India reported an impressive GDP growth rate of 7.8% in the first quarter of the fiscal year.
What are the future targets for India’s economy?
The target is to transform India into a $30-$32 trillion economy by the 100th anniversary of Independence in 2047.
What is the significance of the UAE visit?
The visit to the UAE was significant for strengthening bilateral trade relations and resetting targets for non-oil trade.
When is the Bharat Mart expected to open?
The Bharat Mart is expected to be established by early 2027, providing MSMEs with a platform to showcase their products.
