Union Commerce and Industry Minister Piyush Goyal has urged young Indians to embrace artificial intelligence (AI), develop new skills and contribute to the country’s ambition of becoming a developed nation by 2047. Addressing the inauguration of the SRCC Centenary Conclave on “Pathways to Viksit Bharat”, he highlighted the importance of technology, manufacturing, entrepreneurship and continuous learning in strengthening India’s economic growth.
Goyal said emerging technologies are transforming industries and employment opportunities, making it essential for young people to upgrade their capabilities and adapt to changing workforce requirements. He encouraged students to focus on artificial intelligence, cybersecurity and the practical application of advanced technologies to develop solutions for businesses and citizens.
The minister emphasised that India should aim to become a creator of new technologies rather than merely an adopter. Drawing parallels with the growth of India’s information technology sector during the 1990s and 2000s, he encouraged young people to take the lead in innovation and help build technologies that can compete in global markets.
Goyal also highlighted the role of startups and young entrepreneurs in addressing societal challenges, generating employment and strengthening India’s participation in the global economy. He said continuous learning and personal development would remain essential for long-term career growth in an increasingly technology-driven world.
On manufacturing and investment, the minister stressed that political stability, resilient supply chains and fair, transparent trade practices are important factors influencing investment decisions. He said India has opportunities to expand manufacturing, attract investments and adopt advanced technologies across different regions, including northern and northeastern India.
Goyal linked these opportunities to the broader vision of Viksit Bharat 2047, highlighting the importance of national confidence, ambition and collective responsibility. He said India’s demographic dividend could support sustained economic growth if young people are equipped with the skills needed by emerging industries.
On international trade, Goyal said the first tranche of the proposed India-US bilateral trade agreement had been finalised and was undergoing legal drafting. He expressed hope that the agreement would be finalised and operationalised soon, potentially creating further opportunities for trade and businesses.
The minister’s address underscored the importance of preparing India’s workforce for technological change while encouraging entrepreneurship, investment and innovation. He urged students to pursue lifelong learning and use their knowledge to contribute to national development.
As India advances towards its 2047 development goals, investment in skills, technology and young talent will remain central to its efforts to strengthen manufacturing, create employment and expand its position in the global economy.
