India can spearhead a new era of resilient, equitable, and sustainable commerce: Rajesh Agrawal, Ministry of Commerce & Industry
India is uniquely poised as a trusted global partner, a large and growing market, and a capable producer to lead the effort in building resilient, reliable, and diversified supply chains for the world. This is the time for India, and we must seize the opportunity" stated Mr Rajesh Agrawal, Special Secretary, Ministry of Commerce & Industry, Government of India at the Annual General Meeting and Annual Business Summit 2025. Mr Agrawal further stated that trade and geopolitics have historically been intertwined, but the emerging global disorder marked by over-concentrated supply chains, rising unpredictability, and the weaponization of markets is compelling businesses to rethink resilience and diversification. In this context, he underscored Indias unique value proposition as both a trusted partner and a growing market economy.
Mr Agrawal highlighted that Indias democratic institutions, strategic autonomy, and rising credibility have positioned it as a reliable anchor amidst global turbulence. As the world looks to de-risk supply chains, India offers a compelling alternative, not just as a manufacturing hub, but as a long-term partner for innovation, investment, and inclusive growth.
Indias ability to lead the next phase of global trade lies in its capacity to adapt, innovate, and deliver at scale. With the right policy support and industry commitment, the country can spearhead a new era of resilient, equitable, and sustainable commerce. He urged Indian industry to step up and build future-ready capacities that align with global needs, underscoring the private sectors critical role in realising the vision of Viksit Bharat @2047.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
38 minutes ago
- Time of India
HR experts push for new norms for current needs
Lucknow: The Lucknow chapter of the National HRD Network (NHRDN) organised its annual conclave on the theme 'New HR and its Challenges' here on Saturday. Addressing the gathering, director general of NHRDN, Dhananjay Singh said, "India's youth joining the workforce today will face different challenges when they grow old, as by 2050, half the population of India will be 55 plus years. " A key speaker, Sandeep Girotra discussed how the centre of gravity of the Indian economy was shifting from big metros to tier-2 cities, which created the need for tailored management practices. "It is important to improvise as per the needs of the new generation rather than sticking to the principles," he said. Dr Kavita Pathak emphasised that the definition of success also changes with time, while secretary of NHRD, Manisha Seth said periodic deliberations were necessary for growth. Representatives from leading organisations such as NTPC, Tata Motors, TCS, HCL Tech, DCM Shriram, Accenture, Ashok Leyland, Reliance Jio, Bajaj Energy, Hindalco, SBI and Ultratech Cement also attended the event. The event also saw representation from institutes and organisations such as CII, LMA and IIA, among others. TNN
Hindustan Times
42 minutes ago
- Hindustan Times
‘Misleading nation':Oppn hits out at govt over CDS's remarks
New Delhi: The Opposition on Saturday accused the Centre of 'misleading the nation' and reiterated its demand for a special Parliament session on Operation Sindoor after Chief of Defence Staff General Anil Chauhan said that India lost fighter jets on the opening day of the recent military confrontation with Pakistan due to tactical mistakes. In an interview to Bloomberg TV in Singapore, General Chauhan said: 'What is important is not the jet being down, but why they were being downed. What mistakes were made --- those are important. Numbers are not important. The good part is that we were able to understand the tactical mistake which we made, remedy it, rectify it, and then implement it again after two days and flew our jets again, targeting at long range.' Referring to the statements, Congress president Mallikarjun Kharge posted on X: 'The Modi Government has misled the nation. The fog of war is now clearing.' He added: 'The Congress party demands a Comprehensive Review of our Defence Preparedness by an independent expert committee, on the lines of the Kargil Review Committee.' Citing Donald Trump's statements, Kharge said the US president has again repeated his claim about 'brokering a ceasefire'. 'This is a direct affront to the Shimla Agreement. Instead of clarifying Mr Trump's repeated assertions, and the affidavit filed by the US Secretary of Commerce in the United States Court of International Trade, PM Modi is on an election blitz, taking personal credit for the valour of our Armed Forces, hiding behind their bravery and dodging the contours of the agreed ceasefire, which the Foreign Secretary announced on May 10, after Trump's tweet,' he added. In a separate post on X, Congress general secretary Jairam Ramesh said, 'It is an extraordinary and telling commentary on Emergency@11 that the PM will not chair all-party meetings and will not take Parliament into confidence but the nation gets to know of the first phase of Operation Sindoor through the CDS's interview in Singapore.' 'Couldn't opposition leaders have been taken into confidence by the PM earlier?' Telangana minister and senior Congress leader Uttar Kumar Reddy said the government should disclose how many Indian aircraft were shot down by Pakistan. 'The fact that fighter aircraft were shot down is something the government needs to stop denying. The CDS himself mentioned that. Earlier, Air Marshal Bharti had mentioned it indirectly in his briefing report, along with the DGMO… The whole country must realise today that, for some reason, the GoI was not upfront with whatever happened,' the former air force pilot said. TMC's deputy leader in the Rajya Sabha Sagarika Ghose, too, accused the BJP-led Centre of not presenting facts before citizens and reiterated its demand for a special session of Parliament. 'Why should international media report this first? Why were these facts first not given to India's citizens, to Parliament and to people's representatives?'In another post, Ghose said, 'There are now too many citizens' concerns regarding Operation Sindoor that must be raised in the national interest. This is how a strong democracy renews itself and learns from experiences.''Citizens and opposition must be taken into confidence. The Narendra Modi government can no longer deny the opposition's demand. A special session of Parliament must be convened in June,' she posted on X. (With PTI inputs)
&w=3840&q=100)
Business Standard
43 minutes ago
- Business Standard
Oil companies cut commercial LPG price by ₹24; new rate effective June 1
Oil companies have reduced the price of 19 kg commercial LPG cylinders by ₹24, with the new rate taking effect from June 1. The revised retail price for a 19 kg commercial LPG cylinder is now ₹1,723.50. Earlier this year, on April 1, the price of commercial cylinders was lowered by ₹41. Oil firms adjust LPG rates regularly based on international crude oil prices and market conditions. There is no change in the cost of domestic LPG cylinders used for household cooking in this revision. Commercial LPG prices have seen a drop, but household cylinder rates remain stable. LPG prices vary from one state to another due to differences in local taxes and transportation costs. Despite being a small cut, the reduction provides some economic relief to businesses across the country. Most LPG use is domestic In India, about 90 per cent of LPG is consumed for cooking in homes, while the remaining 10 per cent is used in commercial, industrial, and automotive sectors. In March, the central government had raised the price of domestic LPG cylinders by ₹50. This move came after global crude oil prices rose following tariffs introduced by US President Donald Trump. Crude oil trends India's pricing policy for domestically produced natural gas links it to crude oil prices. It is set at 10 per cent of the average cost of the Indian crude basket. In May 2025, the average crude price dropped to $64.5 per barrel — the lowest seen in over three years. If crude oil prices remain stable around $65 per barrel, oil marketing companies are expected to see a 45 per cent reduction in their LPG-related losses in the financial year 2026. Over the past decade, the number of domestic LPG users in India has doubled. As of April 1, 2025, there are around 33 crore consumers.
