New Delhi, 15 October 2026: Union Commerce and Industry Minister Piyush Goyal had called upon the youth of India to adopt emerging technology, continuously improve their skills and contribute in the journey of making India a developed nation by 2047. Addressing the inaugural function of the SRCC Centenary Conclave organized on the theme “Pathways to Developed India”, he stressed that investment in manufacturing, technology adoption and skill development will create opportunities for India's youth and strengthen the country's position in the global economy.
Union Minister Piyush Goyal had said that countries are being increasingly evaluated as production and investment destinations on the basis of political stability, strong supply chains and fair and transparent trade practices. He noted that there is an opportunity to attract investments, expand production and adopt new technology in India, including North and North-East India, to create employment and support economic growth.
He called upon the youth to be prepared for the changing employment scenario by developing skills in practical application of AI, cyber security and emerging technologies. Piyush Goyal said that large language models and other AI systems will need to be developed as practical tools that can be used by businesses and ordinary citizens. Comparing India's growth in the information technology sector during the 1990s and 2000s, he urged youth to play a leading role in developing and implementing new technologies rather than merely adopting them.
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Piyush Goyal also stressed on the importance of continuous learning and personal development
Piyush Goyal also stressed the importance of continuous learning and personal development. He encouraged the students to view skill enhancement as a lifelong responsibility and identify emerging opportunities that can help them contribute to business growth, ease of doing business and ease of living. He said that India's youth can play a significant role in converting technological advancements into practical solutions in various fields.
Highlighting the vision of Developed India 2047, Piyush Goyal said that the goal of India becoming a developed nation by the centenary of independence reflects the collective commitment of 1.4 billion Indians. Former President Dr. A.P.J. Referring to Abdul Kalam's call to come out of narrow-mindedness and defeatist thinking, he stressed the need for self-confidence, ambition and a positive national outlook.
He also mentioned the role of India's culture, traditions and heritage in shaping the future of the country, and stressed the importance of collective efforts and a sense of duty among citizens. Piyush Goyal encouraged students to set ambitious goals and define their personal aspirations, and noted that the combined efforts of citizens can contribute to India's emergence as a leading global power.
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Phase 1 of US bilateral trade agreement finalized
Piyush Goyal highlighted the entrepreneurial spirit of India's youth, especially startup founders who are taking risks, solving challenges and finding innovative solutions. He said that the energy, determination and ambition of young entrepreneurs reflects India's changing aspirations and contributes to the country's growing engagement with the global economy.
He expressed confidence that with the help of young population, demographic dividend, large local market and entrepreneurship, India will maintain its position among the fastest growing large economies in the next 20–25 years. He noted that Indian professionals are contributing to global businesses, technological development and scientific research, which reflects India's growing role in shaping the global economic and technological landscape.
Speaking on free trade agreements, the minister said, “The first phase of the US bilateral trade agreement has been finalized and is undergoing final design, legal drafting. We are hopeful that we will be able to finalize and operationalize it soon, having gained a competitive advantage over our counterpart countries.”
Concluding his address, Piyush Goyal urged students to take responsibility for their education, adapt to emerging technology and contribute to the development of the country. He said that sustained efforts, ambitious goals and willingness to face new challenges will help India's youth contribute to the vision of a developed India 2047 and create better opportunities for future generations.