In a significant move towards shaping India’s economic future, Union Minister for Commerce and Industry, Shri Piyush Goyal, inaugurated the ‘Bharat Calling Conference 2025’, organized by the IMC Chamber of Commerce and Industry in Mumbai. The conference, themed ‘Path to Viksit Bharat 2047: Pioneering Prosperity for All’, underscores India’s pivotal role in global economic growth and its potential as a leading investment destination. With a resilient economy, a large consumer market, and business-friendly government policies, India is set to attract investments across diverse sectors.
India’s Position in Global Economic Growth
While delivering the keynote address, Shri Piyush Goyal emphasized India’s unparalleled opportunities in manufacturing, skill development, and innovation. He highlighted the Government of India’s strategic initiatives such as Make in India, Digital India, Startup India, Swacch Bharat, and Atmanirbhar Bharat, which have collectively strengthened the country’s economic foundation. These efforts are propelling India towards self-sufficiency and increased global trade participation, aligning with the broader vision of Amrit Kaal, the transformative two decades leading to 2047.
Key Enablers for Viksit Bharat 2047
Shri Goyal outlined five critical enablers for India’s development into a fully developed nation by 2047:
- Quality Management and Handholding of Small Businesses
- Sustainability in Trade and Commerce
- Inclusive Growth
- Skill Development
- Competitiveness and Efficiency
These pillars are instrumental in ensuring economic prosperity, social equity, and technological advancement in the country.
Quality Revolution: A Game-Changer for Indian Businesses
One of the key focus areas emphasized by Shri Goyal was the need for a quality revolution in India. He pointed out that quality has often been neglected, resulting in setbacks in various industries. However, with over 700 quality control orders now in place, the Government is making stringent efforts to elevate quality standards. Shri Goyal encouraged business chambers like IMC to take an active role in ensuring adherence to these standards. He further urged large businesses to mentor small and medium enterprises (SMEs) in implementing better manufacturing practices and quality control measures.
Sustainability: A Core Aspect of Future Growth
Sustainability has always been a part of Indian ethos, and it is now a significant challenge in modern trade and commerce. Shri Goyal highlighted that India’s commitment to sustainability needs to be strengthened further. Businesses must prioritize energy efficiency and adopt eco-friendly manufacturing processes. The Government’s focus on green initiatives is aligned with this goal, encouraging companies to incorporate sustainable measures in their operations.
Inclusive Growth: A Roadmap to Economic Equality
For India to achieve holistic development, inclusive growth is imperative. Shri Goyal reiterated the Government’s commitment to improving the ease of living through targeted interventions, infrastructure development, and community upliftment. He called upon businesses to contribute to this mission by enhancing their CSR (Corporate Social Responsibility) initiatives. By ensuring equal opportunities for all, India can bridge socio-economic gaps and strengthen its workforce.
Skill Development: Empowering India’s Workforce
Shri Goyal placed significant emphasis on skill-building initiatives as a crucial factor in job creation and economic expansion. To boost India’s talent pool, two new state-of-the-art skill development centers are set to be launched in North Mumbai, following the success of the first center in Kandivali. These centers will provide specialized training, fostering a workforce that meets the demands of evolving industries.
Competitiveness and Efficiency: The Need of the Hour
Highlighting the importance of global competitiveness, Shri Goyal stated that Indian businesses must thrive on their strengths rather than rely on government subsidies and incentives. He urged industries to focus on innovation, manufacturing efficiency, and skill enhancement. By strengthening their capacity for research, development, and modernization, Indian businesses can engage with global markets with confidence and competence.
Bharat Calling Conference 2025 – Summary
| Aspect | Details |
|---|---|
| Why in News | Union Minister for Commerce and Industry, Shri Piyush Goyal, inaugurated the ‘Bharat Calling Conference 2025’ in Mumbai, organized by the IMC Chamber of Commerce and Industry. |
| Theme | ‘Path to Viksit Bharat 2047: Pioneering Prosperity for All’ |
| Objective | To highlight India’s pivotal role in global economic growth and position the country as a top investment destination by 2047. |
| Key Enablers for Viksit Bharat 2047 | – Quality Management and Handholding of Small Businesses – Sustainability in Trade and Commerce – Inclusive Growth – Skill Development – Competitiveness and Efficiency |
| Quality Revolution | – Over 700 quality control orders introduced by the Government – Emphasis on mentoring SMEs to adopt quality standards |
| Sustainability | – Focus on energy efficiency and eco-friendly processes – Promoting green initiatives among businesses |
| Inclusive Growth | – Commitment to infrastructure development and community upliftment – Encouraging businesses to enhance CSR activities |
| Skill Development | – Two new state-of-the-art skill development centers to be launched in North Mumbai – Focus on specialized industry training |
| Competitiveness and Efficiency | – Urged businesses to improve innovation, manufacturing efficiency, and R&D – Reduce reliance on government subsidies |
| Vision 2047 | Achieving a developed India (Viksit Bharat) with economic prosperity, social equity, and technological advancement. |
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