Industry body Assocham today said India is being recognized as a stable, resilient investment destination by the global investors on the back of reforms undertaken by the government in last couple of years.

“Reform such as GST, PM Gati Shakti, single window clearance and faceless assessment have helped create more predictable and investor-friendly ecosystem. India is being increasingly recognized as stable, resilient destination as companies are diversifying supply chains and exploring alternative manufacturing hub,” said Nirmal Kumar Minda, president, Assocham, while addressing India Business Reforms Summit, 2026 organised by the industry body in New Delhi today.  

“The Indian government has taken up multiple reforms in last decade which have improved transparency, compliance burden, and simplified business processes,” Minda said adding that a competitive business environment is essential for the attracting investments in the country.

“At a time when the global economy has been navigating unprecedented uncertainty from geopolitical conflicts and supply chain disruptions to inflationary pressures and economic slowdown, India has still remained one of the fastest growing economies. This resilience has been possible because of stable governments, the system's policy direction, strong macroeconomic management and the decisive reforms that have been taken," Minda said.  

Speaking at the event, commerce and industry minister Piyush Goyal, underscored India’s strategic commitment to structural reforms designed to achieve the Viksit Bharat by 2047.

“Whenever the times are tough, whenever we have any difficulty, that's when the best comes out of all of us and I have absolutely no doubt that we will convert the current situation and the risks associated with the geopolitics around the world into an opportunity for faster reform, we're into preparing ourselves for greater resilience, make our supply chains stronger and use every bit of opportunity that the world provides,” said Goyal.

On the FTA the minister said “I think that all of us are very conscious of engaging with the world from a position of strength. India is a competitive manufacturer of goods, provider of services. If we need high quality precision capital goods, we will need to import them. They are the enablers for the India's growth story and I don't think we should be worried about such productive imports but convert these opportunities into reality in terms of greater exports.”