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Piyush Goyal warns India to cut imports and embrace self reliance amid global turmoil
Economy
Published on 12 May 2026
The minister points to EVs and AI as leverage
Commerce Minister Piyush Goyal calls global disruption a wake up call for India to reduce import dependence. He urges domestic industry to boost productivity and make sharper use of trade agreements, arguing that self reliance will strengthen the economy. He also flags electric vehicles and advanced technologies like AI as major growth opportunities for India to emerge stronger.
- Goyal urges industry to embrace self reliance during global instability
- He calls for higher productivity and smarter use of trade agreements
- Reducing import dependence is framed as an economic resilience strategy
- EVs and AI are highlighted as key growth levers
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times