Union Commerce and Industry Minister Piyush Goyal highlighted the significance of voluntary charity in Indian society. He commended the practice of allocating 5% of net profits towards corporate social responsibility (CSR), stating it goes beyond mandated requirements and benefits society. Goyal praised organizations that voluntarily contribute more than necessary, emphasizing their role in social development.
India’s growing global economic engagement was also discussed by Goyal, who mentioned the country’s nine free trade agreements with 38 developed nations. These agreements offer Indian businesses, farmers, MSMEs, and artisans access to global markets with reduced or zero duties, creating export opportunities. Goyal stressed the importance of maintaining high-quality standards in goods and services to maximize the benefits of these agreements.
Inclusive development was another key point raised by the minister, emphasizing equal opportunities and access to basic needs for all citizens. He mentioned the government’s efforts to enable every citizen to contribute to India’s development vision. Goyal also highlighted the importance of women-led development, citing B. R. Ambedkar’s belief in the progress empowered women bring to societies. Under Prime Minister Narendra Modi’s leadership, initiatives supporting women’s education and empowerment have been implemented.
