CII Annual Business Summit 2025 Highlights: IMF has projected India will be world’s third largest GDP by 2027, says Union Minister Piyush Goyal

Capitalism will coexist with socialism for integrated development of the nation and its citizens: Union minister Piyush Goyal

We have seen the fastest rollout of 5G in India: Union minister Piyush Goyal

25% of India’s population would have received a free home by 2029: Union minister Piyush Goyal

Urge industries not to look up to the govt for everything. Innovate and stand on your own: Union minister Piyush Goyal

Sustainability is no longer an environmental cause, it is an economic growth driver: Union minister Piyush Goyal

Renewable energy with storage today costs Rs 3.30 in India, the lowest in the world. It presents a clear case for data centres: Union minister Piyush Goyal

Our effort toward sustainability, our focus on renewable energy. Our stand is to leave India in a better place than what we inherited, positions us in a much better place than anyone else, says Union minister Piyush Goyal

The Indian passport today draws certain respect which one could not think of some 20 years ago, says Union minister Piyush Goyal

A country which is able to navigate every crisis and is able to convert into an opportunity, says Union minister Piyush Goyal

EFTA countries have committed $100 billion in pure play FDI in India. We are not aiming small, says Union minister Piyush Goyal

We are back on track, barring 3-4 months, on the growth trajectory. Hence, we are engaging in trade deals with UK, EU, Chile, USA, says Union minister Piyush Goyal

The stock market discounts the future by and large. In the past decade stock market has grown in India like no other nation. The returns are incomparable. Our returns are nearly 20% CAGR over some 100-200 companies, says Union minister Piyush Goyal

The RBI has done a good job in maintaining the liquidity in the market, says Union minister Piyush Goyal

Even amidst international upheavals, India has done a fairly good job, says Union minister Piyush Goyal

For the next 30 years now we will continue to be the world’s fastest growing economy, says Union minister Piyush Goyal

Union minister Piyush Goyal says: PM Modi took 3 tracks in his vision to promote the India story to the world —

- Strengthening India’s economy, quickly got the RBI to look at inflation. RBI was mandated by law to focus on inflation as soon as we came to power.

- Infrastructure and investments in infrastructure

- Consumption net flow

In 2013-14, India was looked down upon as a fragile economy. Every economic parameter was a matter of concern, including the Indian banking system: Union minister Piyush Goyal

Growth through trade, a resilient supply-chain can not be achieved until we focus on inclusive growth: Union minister Piyush Goyal

When we came out with the Jan Vishwas Bill, which is now an Act, the PM told me the Bill should reflect the trust of the people in the government: Union minister Piyush Goyal

Viksit Bharat @ 2047, when we celebrate 100 years of India’s independence can only happen if we have trust in Indian businesses/industries: Union minister Piyush Goyal

IMF has projected by 2027 India will be the world’s third largest GDP. This is significant because it is happening despite global uncertainties.: Union minister Piyush Goyal

IMF has projected India will be world’s third largest GDP by 2027, says Union Minister Piyush Goyal

Operation Sindoor showed to the world what India can do. It demonstrated to the world that India will never flinch a moment when it comes to the safety, security and dignity of 140 crore Indians: Union minister Piyush Goyal

The people of India collectively stand for Operation Sindoor, our national integrity and sovereignty: Union minister Piyush Goyal

India realises emerging countries climate considerations can slow their socio-economic development: Bhupender Yadav, minister of environment, forest and climate change

In 2022-2024, India's recycling sector saw investment worth Rs 10,000 crore: Bhupender Yadav, minister of environment, forest and climate change

By 2050, India expects circular sector economy to be worth $2 trillion: Bhupender Yadav, minister of environment, forest and climate change

Every year India generates around 62 million tonne of waster. A major chunk comprises plastic and electronic waste: Bhupender Yadav, minister of environment, forest and climate change

India's unique climate policy balances development parameters with ambitious climate goals: Bhupender Yadav, minister of environment, forest and climate change

In a world surrounded by disruptive waves of geopolitics, India remains the must trusted partner for the world: Bhupender Yadav, minister of environment, forest and climate change

Pathway to build robust economy is to be in sync with ecology: Bhupender Yadav, minister of environment, forest and climate change

Our policy in climate action is based on principal of building trust by ensuring 'India First': Bhupender Yadav, minister of environment, forest and climate change

India's story is that water and blood don't flow together. It's being compassionate towards all, but assertive towards those who want to hurt us: Bhupender Yadav, minister of environment, forest and climate change

We need to move beyond trade deficits or surpluses and look at investments from trade deals: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

Trade settlement in national currencies can be an alternative, it's not about de-dollarisation: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

We need an economy that is outwardly plugged in: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

There is concentration of one country or one region, the world has inexhaustible resources. We haven't reached Latin America yet: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

We can't be too much dependent on supply chain from elsewhere: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

R&D contribution by India is 0.7 percent, East Asia is 2.5%, Europe is 2 %: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

Time has come to look at even more value added products, we need to focus on technology: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

Manufacturing growth will be driven by the new energy paradigms like EVs, renewable energy as well: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

We need to have a strong manufacturing base: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

We need to focus on manufacturing, the mistaken assumption is that services growth alone could help economy leapfrog: Ravi: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

If we get our act right, and discipline right, we can reach that stage: Ravi: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

We need to achieve 8% to growth to realise prime minister's vision: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

Access to capital also becomes difficult in such a scenario: Ravi: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

We are faced with new uncertainties post Covid. Growth is expected to dip in 2025, which will affect trade and consumption: Dammu Ravi, Secretary, Economic Relations, Ministry of External Affairs.

India has adopted a faster pace to sign trade agreements, says DPIIT Secretary Amardeep Singh Bhatia

Post Covid there was a realisation to make value chains more resilient, says DPIIT Secretary Amardeep Singh Bhatia

22% of India's rubber is in Northeast, says Union Minister Jyotiraditya Scindia

We are taking companies to Northeast, so that we can provide maximum value of produce to farmers, says Union Minister Jyotiraditya Scindia

38% of India's bamboo reserves are in Northeast, says Union Minister Jyotiraditya Scindia

Our power lies in our philosophical strength, says Union Minister Jyotiraditya Scindia

UPI technology is being used in Eiffel tower in France, says Union Minister Jyotiraditya Scindia

We have seen 25 crore people being lifted out of poverty, says Union Minister Jyotiraditya Scindia

We must route $122 billion of trade with ASEAN through Northeast, says Union Minister Jyotiraditya Scindia

From 9 airports, northeast now has 17 airports, says Union Minister Jyotiraditya Scindia

The eight states of northeast are the engines of India, says Union Minister Jyotiraditya Scindia

The eight states of northeast are growing at a decadal growth rate of 12-13 percent compared with 6-7 percent for India, says Union Minister Jyotiraditya Scindia

Northeast is core and central to Viksit Bharat Vision of 2047, says Union Minister Jyotiraditya Scindia

We are empowering every postman with a handheld system, says Union Minister Jyotiraditya Scindia

We are conducting a business process restructuring of department of posts and we will convert it into a profit centre within next five years. Dakiya will not just bring dak but bank as well, says Union Minister Jyotiraditya Scindia

BSNL has posted net positive profit for second consecutive quarter after 18 years, says Union Minister Jyotiraditya Scindia

We have made atmanirbhar telecom possible. We are rolling out first 1 lakh towers on BSNL network, says Union Minister Jyotiraditya Scindia

We will become data capital of the world within next five years, says Union Minister Jyotiraditya Scindia

There has been a 97% reduction in cost of communication globally. We pay 11 cents per GB, while world pays $2.5, says Union Minister Jyotiraditya Scindia

Costs have fallen by multiples, exponentially, says Union Minister Jyotiraditya Scindia

India is a digital first economy, and leading that has been telecom revolution. We have 1.2 billion mobile subscribers from 800 million a decade ago, says Union Minister Jyotiraditya Scindia

The India I bring to you is an India where trust is a system, says Union Minister Jyotiraditya Scindia

We have given a befitting reply to Pakistan, we do not wish to have a negative view of any country. India will respond with double measure, says Union Minister Jyotiraditya Scindia

Capex of Rs 11.2 lakh crore is steering India ahead, says Union Minister Jyotiraditya Scindia

We do not count years or days anymore, we count hours and seconds. And every second has to count, says Union Minister Jyotiraditya Scindia

By 2027, or even earlier, we will become the third largest economy, says Union Minister Jyotiraditya Scindia

We have relegated to sixth place, the nation which once had ambition to rule India, says Union Minister Jyotiraditya Scindia

In last 10 years we have shed the skin of a less developed country, we are the envy of the world, says Union Minister Jyotiraditya Scindia

It is a unique proposition for India where we can be a major producer and a consumer, says Rajesh Agarwal, special secretary, Ministry of Commerce

Women close the gap with men in mobile phone usage, a recently released survey by the government shows, says Rajesh Agarwal, special secretary, Ministry of Commerce

It is a challenging situation, but it also gives India a huge opportunity. We may have only 15% of manufacturing contributing to the GDP, but it is not small, says Rajesh Agarwal, special secretary, Ministry of Commerce

We have allowed a global trade order to emerge where businesses have been promoted with state support, a lot of subsidies. Businesses are having to address global uncertainties instead of focusing on demand internally. That is what is going wrong. Markets are being weaponised, says Rajesh Agarwal, special secretary, Ministry of Commerce

India wanted to follow a rule-based global trading order, which is why the WTO was formed. The WTO has failed as today we have a market where supply-chains are over concentrated, says Rajesh Agarwal, special secretary, Ministry of Commerce

Union IT and Electronics Minister Ashwini Vaishnaw on Thursday said that the first 'Made in India' semiconductor chip of 28-90 nm will be rolled out this year. At the CII Business Summit, Ashwini Vaishnaw said, "There are many people who criticised us for vying semiconductor manufacturing. We targetted a particular segment, which has 60 percent of market volume, using a targetted approach."

"Today we have six units under construction. First made in India chip of 28-90 nm will roll out this year. We started manufacturing in 2022," he added. Read Full Report

All major railway players and metro systems are collaborating with us on this (internship commitments), says Union Railways Minister Ashwini Vaishnaw

Airbus helped us develop course for aeronautical engineering, they have given us internship commitment, Indigo, HAL has joined that journey, says Union Railways Minister Ashwini Vaishnaw

Many of you have great abilities in transportation and logistics sector. PM has a Gati Shakti Vishwavidyalay. We are inviting every sector who would like to collaborate with Gati Shakti to develop course curriculum to prepare students for being ready for industry, says Union Railways Minister Ashwini Vaishnaw

We must reskill and upskill at a very large scale. We are working with IT industry so that the existing workforce can be upskilled, says Union Railways Minister Ashwini Vaishnaw

Our experiment of bringing startups into railway sector was very successful. we are now bringing a new policy where we can test a new innovative idea and then scale it up based on that results of the test, says Union Railways Minister Ashwini Vaishnaw

As part of the electronic component manufacturing scheme, we have a capital goods requirement. We are incentivising manufacturing capital goods, says Union Railways Minister Ashwini Vaishnaw

We have significant amount laid out for developing capital goods supply chain under ECM (Electronic Component Manufacturing) scheme, says Union Railways Minister Ashwini Vaishnaw

If we can maintain momentum and become a product nation, our journey ahead will be significantly better: Vaishnaw, says Union Railways Minister Ashwini Vaishnaw

We need to escape that mindset that we can get old technology from a country. We need to bring and develop new technology, says Union Railways Minister Ashwini Vaishnaw

We are going in a steady direction in railways, more industries must join. We require many people to contribute to this growth story, we have created 34000 km new track and replaced 50000km, says Union Railways Minister Ashwini Vaishnaw

Our passenger carrying capacity has also increased substantially, we have reached a level where dreams are being fulfilled and goals are being achieved, says Union Railways Minister Ashwini Vaishnaw

We have electrified railway network doubling the pace over the last decade compared with 60 years ago. We have become largest locomotive manufacturers more than US, UK and Japan combined, says Union Railways Minister Ashwini Vaishnaw

We have achieved a major milestone, we have become the second largest cargo carrying railway in the world — 1612 million tonnes, overtaking US and Russia, says Union Minister Ashwini Vaishnaw

We have empanelled IITs and NIts who are developing solutions. IIT Jodhpur is developing a solution to detect deepfake. Once these solutions are developed we will make it open-sourced, says Union Minister Ashwini Vaishnaw

We have an AI safety institute which is virtual, laws can't ensure that. We need a techno-legal approach, which is effective way of dealing with issues, says Union Minister Ashwini Vaishnaw

You can leverage AI Kosh (the non personal data platform) where we are hosting small AI models and can tailor them to your needs, says Union Minister Ashwini Vaishnaw

Sarvam is developing first of this, we are also taking common datasets so that you can develop your own datasets. Couple of other models are in advanced stage of approvals, says Railways Minister Ashwini Vaishnaw

We need to have AI models that are trained on Indian culture, nuances, languages, social norms. One of the first one is being developed by Sarvam, says Railways Minister Ashwini Vaishnaw

We had a target of 10000 GPUs and open it to all possible people. We have 18000 and we will get another 14000. We need to have models designed and trained for Indian conditions, says Railways Minister Ashwini Vaishnaw