New Delhi, Oct. 17 -- Commerce Minister Piyush Goyal said the Indian economy is systematically prepared to address present and future challenges, which is guided by a clear vision and a strong commitment to the nation-first philosophy.

"India has undergone a significant shift in recent years, and it now negotiates from a position of strength, reflecting the country's growing economic confidence and global stature in terms of India's approach to free trade agreements and other trading agreements," Goyal said while addressing the 105th annual general meeting of ASSOCHAM here.

"India's foreign exchange reserves continue to boost around USD 700 billion, reflecting the strong fundamentals of the Indian economy. In every aspect, the people of I...