<h1>Good governance crucial for India's economic growth, says Union Minister at PHD Chamber's 102nd Annual Session.</h1> The Union Minister of Commerce and Industry highlighted the critical role of good governance in driving economic growth during the 102nd Annual Session of the PHD Chamber of Commerce and Industry. He emphasized that economic liberalization and globalization are closely tied to governance, which fosters social capital for growth. The Indian economy's robust growth of over 9% marks it as a global economic power. The Minister stressed the importance of inclusive growth, addressing poverty, unemployment, and other social challenges. He drew parallels with East Asian countries, where good governance significantly boosted economic performance, underscoring its importance for development.