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Defence Minister suggests trade as key to strengthen country's economy
Oct-18-2025

The Defence Minister Rajnath Singh has emphasised that the country's economy cannot be strengthened without trade and highlighted that economic growth relies on the spending capacity of individuals and the pace of business activities. He has urged trade associations and office-bearers to meet at least once a year to discuss issues collectively, noting that many problems are resolved more efficiently through coordinated efforts.

Moreover, he emphasized the critical role of traders in the economy, likening them to veins and arteries in the human body that circulate blood. He also citied his recent interactions in Australia, noting that the country has fewer retail traders than India, and officials, including the prime minister and deputy prime minister there, appreciated India's growing economic strength.

On India’s defence manufacturing capabilities, he pointed that Hindustan Aeronautics’ branch in Nasik, which produces Tejas Mark 1A 4.5-generation fighter aircraft. Further, he noted that India's defence sector has grown rapidly, with imports and transactions of military equipment continuing, whereas earlier, even minor items were imported from abroad.

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