What Insights Did Piyush Goyal Share with Entrepreneurs on Viksit Bharat 2047?
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Synopsis
Piyush Goyal's recent meeting with entrepreneurs unveiled a collaborative vision for 'Viksit Bharat at 2047', highlighting how stakeholders can drive innovation and growth in India. The introduction of the Trade Intelligence and Analytics Portal aims to empower small businesses with vital trade insights, fostering a more inclusive economic landscape.
Key Takeaways
- Piyush Goyal emphasizes collaboration in achieving Viksit Bharat 2047.
- The TIA Portal provides essential trade data for small businesses.
- Focus on policy stability and regulatory clarity to enhance investment.
- Access to trade insights democratizes opportunities for smaller enterprises.
- India aims to strengthen its position as a global investment destination.
New Delhi, Nov 19 (NationPress) Commerce and Industry Minister Piyush Goyal announced on Wednesday that he engaged in a fruitful discussion with entrepreneurs, focusing on the collective vision for 'Viksit Bharat at 2047'.
In a post on X, Goyal mentioned, “We exchanged innovative ideas on how each participant can play a role in fostering growth, innovation, and our mutual goal of a Viksit Bharat 2047.”
Earlier, he had an enlightening conversation with investors and industry leaders at Bharat Mandapam regarding enhancing the Ease of Doing Business and encouraging investments.
“We deliberated on maintaining policy consistency, ensuring enhanced regulatory transparency, and expediting digital approvals to improve the investment ecosystem. I reaffirmed India's dedication to creating a transparent, predictable, and innovation-centric environment that bolsters long-term capital and solidifies our status as a prime global investment hub,” the minister emphasized.
On Tuesday, Goyal introduced the Trade Intelligence and Analytics (TIA) Portal to provide new insights for exporters, importers, startups, and MSMEs, granting them access to additional trade data. Small enterprises, even in the most remote areas, will now benefit from data that was formerly exclusive to larger companies.
He pointed out that there are immense opportunities in the global services sector now accessible to all. He also mentioned that the portal would enable exporters to better leverage the country’s Free Trade Agreements. Goyal noted that the Ministry of Commerce has invested considerable effort in developing this platform, which has the potential to promote trade diversification, broaden India's trade spectrum to new areas and products, and help seize previously overlooked opportunities.
The Trade Data Analytics Portal is an economical, open-source solution that emphasizes accessibility, scalability, and user-friendly design. With no software licensing fees and minimal server infrastructure costs, it presents a sustainable model for long-term use.
Point of View
It is essential to recognize the importance of Piyush Goyal's initiatives aimed at fostering entrepreneurship and economic growth in India. His discussions with various stakeholders demonstrate a commitment to building a robust framework that supports innovation and investment, aligning with the nation's long-term vision.
NationPress
19/11/2025
Frequently Asked Questions
What is the main objective of Viksit Bharat 2047?
The objective of Viksit Bharat 2047 is to envision a developed and prosperous India by the year 2047, focusing on holistic growth across various sectors.
What is the Trade Intelligence and Analytics Portal?
The Trade Intelligence and Analytics Portal is a platform designed to provide exporters, importers, startups, and MSMEs with access to vital trade data, enabling them to make informed decisions.
How does the portal benefit smaller businesses?
The portal democratizes access to trade data, allowing smaller businesses, even in remote areas, to leverage insights that were previously available only to larger enterprises.
What role does the government play in enhancing the Ease of Doing Business?
The government is focused on ensuring policy stability, regulatory clarity, and faster digital approvals to create a conducive environment for investment and business operations.
How can stakeholders contribute to achieving Viksit Bharat 2047?
Stakeholders can contribute by fostering innovation, investing in growth opportunities, and engaging in collaborative efforts to drive economic development.
