Union Minister of Commerce and Industry Piyush Goyal has said that India currently offers stable policies and certainty to investors to the world. Addressing the Invest Telangana Global Summit-2026 Curtain Raiser Event in New Delhi, Mr Goyal said that the country has emerged as a trusted and preferred supplier to the developed world. 

 

He highlighted that in the last 4.5 years, India has negotiated and finalised nine free trade agreements (FTAs), opening doors for Indian businesses in 38 countries. The Minister informed that India now gets preferential market access to a global GDP of 70 trillion dollars. Mr Goyal emphasised that the Government is currently negotiating to finalise eight more bilateral agreements that will give India the opportunity to do business for 76 per cent of the Global GDP of 115 trillion dollars. The Union Minister further expressed confidence that India will continue to be the fastest-growing economy in the world in the coming years.

 

Mr Goyal said Telangana’s ambition to become a 3 trillion dollars economy by 2047 will be achievable through the collective efforts of the central and state governments, industry, investors, and citizens. He added that the commitment and capabilities of Telangana’s skilled, qualified, and young population could help the state set new benchmarks for growth and development.

 

The Minister also reiterated the Central Government’s commitment to Telangana’s development, highlighting projects launched or supported in the state. Mr Goyal proposed that Telangana should identify its 50 leading export products across goods and services and map markets offering preferential access under existing FTAs. He also suggested setting up FTA help desks in every district to help MSMEs, farmers, and startups make the most of these agreements.