India on track for $35 trillion economy, States & Centre in sync: Piyush Goyal

India is laying the groundwork for a major economic leap. Union Commerce and Industry Minister Piyush Goyal has set an ambitious target—expanding the Indian economy from its current USD 4 trillion to USD 30-35 trillion by 2047. Speaking at the Invest Kerala Global Summit, he assured that the Centre is working "in tandem with all states" to achieve this milestone.

Addressing an audience of business leaders and policymakers, Goyal underlined the vast potential in India's markets. “There are unmatched opportunities for growth, development and economic opportunities,” he said, making a strong case for investment in the country.

Investment Push in Kerala Despite Political Differences

The event, held in Kerala, comes against the backdrop of political differences between the BJP-led Centre and the state’s Left Democratic Front (LDF) government. However, Goyal set aside political divides, emphasising his support for Kerala’s economic progress.


“I am here to show solidarity with Kerala,” he said, recognising the state's achievements across various sectors. He urged businesses to tap into Kerala’s potential while also contributing to India's overall growth. “Come and enjoy the fruits of investments,” he told investors, inviting them to be part of the country’s economic transformation.

A Global Investor Summit with 3,000 Attendees

The Invest Kerala Global Summit is drawing significant attention, with around 3,000 participants expected over two days. The event serves as a platform to showcase Kerala’s business-friendly environment, infrastructure, and opportunities in key industries.

With global investors in attendance, the summit aims to forge new partnerships and attract foreign capital—an essential component of India's long-term economic strategy.

India Eyes Free Trade Agreement with Bahrain

Expanding on India’s trade ambitions, Goyal announced that negotiations for a Free Trade Agreement (FTA) with Bahrain would begin soon. This move aligns with the country’s broader efforts to strengthen international trade ties and boost exports.

By pursuing such agreements, India is not only opening doors to new markets but also reinforcing its position as a key player in global commerce.

A Growing Economy with a Vision for 2047

India’s economic trajectory is on an upward path, fuelled by investment-friendly policies and international partnerships. With the Centre and states working together, the country is positioning itself as a major global economic force.


For investors, the message is clear: India is open for business, and the opportunities are vast.