India on its way to become $30 trn economy, developed nation by 2047: Goyal

Piyush Goyal said that ONDC is a game-changing initiative, which aims to democratize e-commerce to give equal opportunity to start-ups and young entrepreneurs

Union Minister for Commerce and Industry Piyush Goyal on Friday said India is on track to become a developed nation. He added that India will be a $30 trillion economy by 2047, becoming one of the top economies of the world.

Speaking at the valedictory function of the Bengaluru Tech Summit 2022, Goyal said that ONDC (Open Network for Digital Commerce) is a game-changing initiative which aims to democratise e-commerce to give equal opportunity to start-ups and young entrepreneurs, big and small, to engage with e-commerce.

He also said that Bengaluru will have a huge role to play in ONDC. “When this