India making efforts to deregulate economy to get better investments: Goyal

The government is making efforts to deregulate the economy with an aim to attract greater investments from across the world, Commerce and Industry Minister Piyush Goyal said on Wednesday.

He said the government has opened up defence, manufacturing, mining, finance and capital market sectors.

The government has further liberalised agricultural laws to encourage more investments in agri-processing and open up markets so as to increase the income of farmers, he said at CII's Partnership Summit.

"India is making efforts to deregulate its economy for greater investments from other parts of the world," he said.

Goyal further said India provides huge opportunity for investments, and procurement of goods and services.

"India is looking forward for working with friends and neighbours, and having a global footprint. India is working to turn the COVID crisis into an opportunity, and is confident of reaching the target of USD 5 trillion economy by 2025, and USD 10 trillion in another 7-10 years," the minister said.