May 22: Union Commerce and Industry Minister Piyush Goyal said that productivity is a key driver of economic resilience, innovation, and inclusive development. Speaking at an industry-focused event, he emphasized that higher productivity not only strengthens businesses but also creates opportunities for sustainable growth and job creation.
He highlighted the importance of adopting modern technology, improving efficiency, and encouraging innovation across sectors to enhance India’s global competitiveness. According to the minister, productivity-led growth can help industries remain adaptable during economic challenges while ensuring long-term progress.
Goyal also stressed the need for collaboration between government, industry, and startups to build a stronger manufacturing and business ecosystem. He noted that inclusive growth should remain at the center of economic progress so that the benefits of development reach all sections of society.
Industry leaders at the event echoed the view that innovation, skill development, and digital transformation will play a major role in shaping India’s future growth story.