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Union Minister for Commerce & Industry Piyush Goyal has said that India’s focus on infrastructure is empowering the economy and giving it a fillip. The Minister also said that massive investments both from the government and from the private sector, directed towards infrastructure is boosting the infrastructural capabilities of the country. 

He said competitive source of financing is attracting investments from those who are looking for greater safety. He further noted that the stock market is also hitting a 4 trillion mark for the first time and India being amongst the top five global markets has huge opportunities. He pointed out that the country is the fifth largest economy in the world and the fastest growing economy at 7.6%, second quarter of current financial year. 

Goyal said ‘The world trusts India today,’ mentioning that the country stands at the cusp of a very bright future as a trusted partner of the world and as a vibrant democracy where people recognize and respect the rule of law. He said a resilient debt capital market will be the catalyst for innovation, entrepreneurship and infrastructure development. 

Besides, Goyal noted that massive urbanization will happen over the next few decades even as Tier 2 cities are also going to become metropolitan cities. Rural Areas incomes are rising, raising spending power across the country. Futuristic sectors like AI, semiconductors, electric vehicles, will be powering the future.He said green and sustainable energy will be the way forward and the capital markets and debt markets are playing their role in the energy transition to a low carbon economy.