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Economy News

News on Indian Economy and Sectors, which have impacts in the market.

Commerce Minister calls for deeper collaboration between industry and government to advance ease of doing business

19-May-26 18:19Hrs IST

Union Minister of Commerce and Industry Piyush Goyal addressed the ASSOCHAM India Business Reform Summit 2026 in New Delhi today and called for deeper collaboration between industry and government to advance ease of doing business, enhance India's competitiveness and accelerate the country's journey towards Viksit Bharat 2047. The Minister said the present global situation and geopolitical uncertainties should be viewed as an opportunity for India to strengthen business processes, undertake faster reforms, build greater resilience and strengthen supply chains. He expressed confidence that the country would convert current global risks into opportunities for growth and reform. Speaking on the evolving global situation and the West Asia crisis, he noted that businesses should remain alert to both opportunities and risks without panicking. He said India had successfully overcome unpredictable challenges such as COVID-19 and emphasised the need for smarter and more efficient business practices, including reducing waste, improving productivity and adopting energy efficiency measures.

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