Union Minister Piyush Goyal has underscored the transformative impact of economic reforms initiated in 2014 on India’s technological advancement and expansion in the energy sector, asserting that these policy changes laid the groundwork for sustained growth and strategic development in key industries.
In recent remarks, Goyal pointed to the suite of reforms introduced over the past decade as foundational to creating a competitive business environment, attracting investment, and fostering innovation. He highlighted how structural shifts in policy have enabled rapid progress in areas such as renewable energy deployment, digital infrastructure, and energy security, positioning India as a global contender in emerging markets.
The minister emphasised that reforms aimed at simplifying regulatory frameworks, enhancing ease of doing business, and promoting private sector participation have been instrumental in unlocking growth across diverse sectors. In particular, policy measures facilitating investment in clean energy, expansion of power generation capacity, and enhancement of energy distribution networks were cited as key drivers of India’s evolving energy landscape.
Goyal also noted that technological integration has played a significant role in improving efficiency and service delivery across the energy value chain. From smart metering and grid modernisation to increased adoption of electric mobility and renewable energy solutions, technological advancements have reshaped how energy is produced, transmitted and consumed.
In the context of broader economic objectives, the minister reiterated the government’s commitment to achieving ambitious targets for renewable energy capacity, reducing carbon emissions, and ensuring energy access for all citizens. He reaffirmed that continued policy support and investment incentives are central to realising these goals, while also enabling job creation and industrial growth.
The minister’s remarks come at a time when India is working to balance energy security with sustainability goals, even as global energy markets navigate volatility and geopolitical uncertainties. The strides made in clean energy deployment and technological adoption are seen as critical components of India’s long-term development strategy.
Goyal’s comments reflect an emphasis on policy continuity and strategic focus, with the 2014 reforms serving as a reference point for how foundational changes can yield long-lasting impacts on economic sectors and national development trajectories.
