२०४७ पर्यंत भारताला ३० ट्रिलियन डॉलरची अर्थव्यवस्था बनवण्याचे...

By GT24x7 Reporter · 13 August 2026 · GlobalToday24x7

In a major address charting the country's long-term economic roadmap, Union Minister of Commerce and Industry Piyush Goyal affirmed that India's ambitious trajectory toward becoming a $30 trillion economy by 2047 will generate unprecedented commercial opportunities for domestic traders and entrepreneurs. Speaking at the inauguration of the Indian Traders Festival 2026 in New Delhi on August 12, 2026, Goyal emphasized that the trading community remains a crucial pillar in driving India's socio-economic transformation into a fully developed nation (Viksit Bharat).

Highlighting the current macroeconomic fundamentals, the Minister noted that India's economy is presently hovering around the $4 trillion mark. He expressed confidence that with sustained structural reforms, digital integration, and expanding infrastructure, the nation is firmly positioned on a realistic path to achieve a nearly eight-fold expansion over the next two decades.

Sustainable Business Models and Circular Economy Integration

Addressing representatives from retail, wholesale, and trade associations across the country, Piyush Goyal called upon business owners to modernize their operational frameworks. He advocated for the widespread adoption of ethical trading practices, resource efficiency, and the principles of a circular economy. Goyal stressed that integrating recycling mechanisms and sustainable logistics will not only optimize operational costs for small and medium enterprises but also enhance India's global competitiveness.

"Resource efficiency and sustainable commercial practices are no longer optional—they are essential drivers that will accelerate India’s economic growth," Goyal stated. He urged trade bodies to lead initiatives in reducing waste, adopting green supply chains, and encouraging local manufacturing under the 'Aatmanirbhar Bharat' (Self-Reliant India) framework.

Role of Traders in Achieving 'Viksit Bharat @2047'

The Minister highlighted the Indian Traders Festival 2026 as a pivotal platform for fostering direct dialogue between the government and the merchant ecosystem. He noted that small businesses, retail shops, and distribution networks form the spine of domestic consumption, ensuring that economic benefits reach every corner of the country.

Piyush Goyal assured the trading fraternity that the government remains committed to improving the ease of doing business by reducing compliance burdens, decriminalizing minor business offenses, and enabling seamless credit access through digital public infrastructure. He concluded by calling on traders to actively align their business strategies with national development goals, asserting that their contribution will prove decisive in shaping the economic landscape of 2047.