On Friday, Union Minister for Commerce and Industry Piyush Goyal asserted that with united efforts, India will rise to prominence as a global economic effort.
For Indian trade to continue to grow internationally, the minister who was the special guest at the opening of the Indian Institute of Foreign Trade (IIFT), Kakinada campus, in Andhra Pradesh, stated that skilled human resource management is required.
“These human resources will be made available through IIFTs. The establishment of this new campus marks the beginning of a new chapter,” he said.
“With political stability, high competitiveness, collective efforts, and a developing economic system, India will become an economic force in the world to reckon with,” he added.
He said at present the Indian economy is worth $3.5
trillion. “A developing country can be taken to the level of a developed country with integrated economic growth and collective efforts. With continuous efforts, the Indian economy will reach tenfold in the next 25 years, by 2047, when we mark the 100th year of Independence. The development can be achieved by making available expert human resources to the maximum extent,” he said.
He stated that the Atmanirbhar Bharat program’s central government’s activities and special budget allocations had strengthened and improved the nation’s economic structure. He added that Andhra Pradesh was expanding significantly in industries like agriculture and fisheries and that it also has several special economic zones.