India resetting its ambitions to become bigger, larger player in global trade, says Minister

The country is resetting its ambitions to become a bigger and larger player in the global trade, according to Rajeev Chandrasekhar, Minister of State, Ministry of Skill Development and Entrepreneurship and Electronics Information Technology.

The keynote address was given by the entrepreneur, technocrat and a member of Parliament, entitled Value of digitizing India's supply chain in order to create a truly Atmanirbhar Bharat at the two-day virtual Amazon Smbhav Summit 2022.

The minister highlighted the fact that technology and digital enterprises - both small and big - helped India rebound from the effects of the Pandemic.

Digital technologies and digitally empowered enterprises helped the economy rebound and made the Indian economy one of the fastest growing economies in the world. He said that one of the most digitally enabled economies in the world is one of the most digitally enabled economies.

He said that the vision of Atmanirbhar Bharat includes SMBs and start-ups to create a vibrant ecosystem of innovation, competition and efficiency that could create products and services for the Indian market as well as the global consumer.

In the coming years, he believes that India, the Indian economy and Indian economic participants can play a big role in terms of providing goods and services to the world, and that SMEs account for a large portion of employment opportunities and jobs in India and therefore their ability to grow and access multiple markets is an important element of policymaking for the government.

The minister said that India is reimagining its future and resetting its ambitions to become a bigger and larger player in the manufactured products segment of global trade.

He said that India is becoming a large exporter of merchandise and manufactured products, because the SMBs of India use technologies and are assisted by those who have a large presence on the Internet like Amazon to enable market access.

He said that we are on our way to becoming a large exporting nation on the back of not just large enterprises but with a mix of large enterprises and a healthy contribution from the SMBs of India.

He said that the government is very focused on issues like supply chain, logistics and competitiveness and that it is doing everything to make India a competitive nation in terms of being a partner for the global consuming nations of the world for manufacturing.