In a resounding call for economic synergy, Union Minister Jyotiraditya Scindia declared that development and trade are inseparable partners in India’s growth story. Speaking at a high-profile business summit in the national capital, Scindia emphasized how robust infrastructure and policy reforms are unlocking new avenues for commerce.
The minister highlighted recent government initiatives like the Production Linked Incentive scheme and eased FDI norms, which have attracted billions in investments. ‘When development accelerates, trade flourishes; when trade booms, it propels further development,’ Scindia stated, underscoring the virtuous cycle.
Scindia pointed to the aviation sector’s transformation under his stewardship, with new airports sprouting across the country and air cargo volumes surging 20% year-on-year. He also lauded the logistics revolution, including dedicated freight corridors that slash transit times and costs.
Turning to global opportunities, the minister stressed India’s readiness to tap into supply chain shifts post-pandemic. ‘Our skilled workforce, strategic location, and digital infrastructure make us the ideal trade hub,’ he asserted.
Industry leaders present at the event applauded Scindia’s vision, with many committing to expand operations in India. As the nation eyes a $5 trillion economy, this complementary dynamic between development and trade could well be the engine driving it forward.
Scindia concluded by urging stakeholders to collaborate closely, promising continued policy support from the Centre. The message is clear: India’s economic ascent hinges on harmonizing growth with global commerce.