Key Points • India’s global trade relations are expanding: Commerce Minister Piyush Goyal said countries worldwide are seeking stronger trade relations with India. • Nine FTAs opened markets: India has gained preferential market access through nine Free Trade Agreements. • $4 trillion economy: Goyal highlighted India’s current economic scale and the opportunity to become a $30 trillion economy by 2047. • MSMEs and farmers play a major role: MSMEs, farmers, fishermen, workers, entrepreneurs and the services sector are key contributors to India’s global exports. • Focus on “Make in India”: India should build not just manufacturing capacity but also a global reputation for quality, design and trusted brands. • Circular economy: Businesses and citizens were encouraged to promote recycling, reuse and sustainable trade practices. • Employment generation: Higher GDP and production are expected to create more employment opportunities. • Skilled youth: Young Indians returning from abroad or gaining new skills can contribute innovative solutions to emerging challenges. • Global economic role: Collective participation by businesses, entrepreneurs and citizens can help India become a stronger participant in the global economy. Market takeaway: The statement is broadly positive for export-oriented sectors, MSMEs, manufacturing, logistics, services and companies benefiting from India’s expanding international trade agreements.

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