New Delhi: India is working on three major principles in the new geopolitical and geo-economic world order, Union Commerce and Industry Minister Piyush Goyal has said, citing them as ‘aatmnirbharta’ (self-reliance), ‘aatmvishwas’ (self-confidence), and ‘aatmraksha’ (self-protection).
Speaking at the curtain raiser event for the 30th CII Partnership Summit in New Delhi, Goyal said “great partnerships” are built on technology, trust, trade, talent and tradition. His comments came at a time when the world is witnessing geopolitical turbulence like the Russia-Ukraine and the Israel-Hamas wars and tariff uncertainties triggered by the US.
The minister underscored the importance of partnership between countries and said, “Ultimately, it is partnerships which will define growth, success, and a better future for all of mankind.”
In reference to the new geopolitical and geo-economic world order, Goyal said India is working on three major principles: “One is ‘Aatmnirbharta’, that’s self-reliance. We are building capabilities. We are building supply chains. We are building value-chains, which can help us in difficult times, which can give us end-to-end assurance that we will not be subject to any weaponization of trade and will always be in a position to meet our international obligations.”
In this context, he spoke about India’s reform initiatives, such as second-generation reforms in the Goods and Services Tax (GST 2.0), with massive tax rate reduction from September 22 to boost domestic consumption. (Hindustan Times)
