Union Minister of Commerce and Industry targets USD 30 trillion economy by 2047

Exam-focused facts from the 14 June 2026 current affairs briefing.

Key facts

Union Minister of Commerce and Industry Piyush Goyal stated that India aims to become a developed country by 2047 with an economy of approximately USD 30 trillion.
India has entered into 9 free trade agreements (FTAs) in the last 3-3.5 years, covering 38 countries.
The growth strategy involves strategic partnerships with developed regions including Europe, the US, Canada, Israel, Gulf countries, Australia, and New Zealand.
These international alliances aim to provide foreign nations access to India's market of 1.4 billion consumers while attracting capital into the Indian ecosystem.
The government is leveraging initiatives like Make in India and business-friendly reforms to strengthen India's position in global supply chains.