Commerce Minister Piyush Goyal praised India’s 7.7% GDP growth, attributing it to sustained policy interventions and economic reforms over the past decade. He emphasized that this growth was a result of structural reforms, not chance. Goyal also introduced the BHAVYA portal to expedite the establishment of 100 investment-ready industrial parks nationwide.
The BHAVYA Scheme, launched by the Department for Promotion of Industry and Internal Trade, aims to develop 100 industrial parks between 2026-27 and 2031-32 with an estimated outlay of around Rs 33,660 crore. The first phase involves selecting up to 50 industrial parks through a competitive process. By July 31, 20 parks will be chosen, with an additional 30 selected in the following four months.
Goyal highlighted the government’s commitment to enhancing the lives of 1.4 billion Indians by focusing on improving quality of life, ease of living, and ease of doing business. He noted significant achievements, including lifting over 250 million people out of extreme poverty and eliminating outdated laws. The minister also underscored India’s resilience in the face of challenges, such as increased exports despite US tariffs and global conflicts.
