NEW DELHI — Speaking at the 13th Public Affairs Forum of India (PAFI) Annual Forum 2026, Union Commerce and Industry Minister Piyush Goyal detailed India’s strategy to deepen its role in global supply networks, backed by robust national growth projections.
Addressing the Leadership Dialogue, Goyal affirmed that India’s ongoing trade negotiations reflect its transition toward a $30 trillion economic target.
Key Macroeconomic Indicators and Sectoral Projections
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Economic Scale & PPP Valuation: India currently operates as a $4 trillion nominal economy and holds a purchasing power parity (PPP) size of $20 trillion, standing as the third-largest economy globally in PPP terms.
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Semiconductor Demand Projection: Annual domestic semiconductor demand is forecast to exceed $150 billion over the next five years.
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AI Infrastructure Requirements: The Minister called for rapid deployment of sovereign AI computing infrastructure, prioritizing Large Language Models (LLMs) and agentic framework development.
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Space & Innovation Ecosystem: Goyal noted India’s milestone as the third country to achieve a private sector orbital rocket launch and highlighted its position as the world’s third-largest startup hub, with over 120 unicorns.
