India a ‘Bright Spot’ in Global Economy, Says Piyush Goyal in Lok Sabha

By A Staff Reporter

Union Minister of Commerce and Industry Piyush Goyal, speaking during the Monsoon Session in the Lok Sabha, said that India is increasingly being seen as a major contributor to global economic growth. He noted that international communities and economists now view India as a “bright spot” in an otherwise uncertain global economic landscape.

“Today, international communities and economists see India as a 'bright spot' in the global economy. India is contributing around 16 per cent to global development. Over the last decade, India has taken transformational steps under the Make in India initiative,” Goyal said in his address.

The minister attributed this performance to key structural reforms and flagship schemes initiated by the government over the past decade, including Make in India, which aims to boost domestic manufacturing, attract foreign investment, and position India as a global manufacturing hub.