Union Minister of State for Commerce and Industry Jitin Prasada highlighted that India should be seen as a long-term investment partner, not just a market for selling products. Speaking at ASSOCHAM’s India Business Reforms Summit 2026, he noted that India’s economic growth is not limited to big cities but extends to smaller towns and rural areas, offering a vast domestic market for businesses. Prasada stressed the importance of global companies participating in India’s growth journey alongside local businesses.
India’s economic landscape is evolving from the grassroots level, not just in metropolitan areas, making it a significant market. The minister urged foreign investors to engage as active partners in India’s manufacturing and business ecosystem, rather than solely focusing on India as a consumer market. He emphasized the government’s commitment to providing a stable and transparent business environment supported by the rule of law, which has boosted investor confidence.
Prasada highlighted the role of recent free trade agreements in creating new opportunities for Indian businesses, especially micro, small, and medium enterprises (MSMEs). These agreements have expanded access to international markets, with the MSME sector expected to drive significant growth. The government’s industrial strategy aims to enhance value addition, improve logistics infrastructure, and enhance manufacturing competitiveness to strengthen India’s position as a global manufacturing hub.
