India looking at 50 nations where it has trade compatibility, says Goyal

Piyush Goyal Interview Live Updates: We will work together with China to expand opportunities for Indian business with China, says Piyush Goyal

Goyal: The incident post Galwan led to a hiatus in the relations, now that we have largely been able to resolve issues over disagreements with China, it was natural to take our ties to the pre-Galwan level.

Goyal: We will work together with China to expand opportunities for Indian business with China

Piyush Goyal Interview Live Updates: I think we always had good relations with China for many years, says Piyush Goyal

Goyal: After Lal Bahadur Shashtri if there is any PM who has promoted Swadeshi, it is Prime Minister Narendra Modi

Goyal: Let us all pledge to buy Swadeshi from now on

Goyal: I think we always had good relations with China for many years

Piyush Goyal Interview Live Updates: Indian economy is more complex, I dont think impact on GDP will be significant, says Piyush Goyal

Goyal: During covid, we landed up with a trade surplus because imports fell more than exports. So the Indian economy is more complex, I dont think impact on GDP will be significant

Piyush Goyal Interview Live Updates: India is predominately a domestic economy, our exports as a part of our GDP is still relatively low, says Piyush Goyal

Goyal on US tariff impact on GDP: India is predominately a domestic economy, our exports as a part of our GDP is still relatively low and our imports are much higher.

Piyush Goyal Interview Live Updates: From April-August Our exports to the US have already crossed $40 or $43 billion, says Piyush Goyal

Goyal: From April-August Our exports to the US have already crossed $40 or $43 billion, it was $86 billion last fiscal year and we still have 7 months to go, the reciprocal tariffs are not across the board, it is only on 55-60% of exports.

Goyal: Newer markets are opening up, the action on tariffs are on many other countries, which opens up trade with many other countries. We are looking at 50 nations on where we have trade compatibility

Piyush Goyal Interview Live Updates: We have always believed in dialogue, diplomacy and an effort to strengthen rather than weaken relationships, says Piyush Goyal

Goyal: I am seeing this only as one more situation like India, US had a certain blip like during the nuclear test of 1998. This will pass as there is a deeper understanding of the situation

Goyal: When PM Modi and President Trump met in February they had tasked the two teams to complete the first tranche of the BTA by fall of 2025.

Goyal: We have always believed in dialogue, diplomacy and an effort to strengthen rather than weaken relationships.

Goyal: Therefore, throughout PM Modi's tenure he has tried to decriminalize laws

Goyal: We have removed about 1500 obsolete laws. We have identified many more.

Goyal: Jan Vishwas is a two way vishwas. The second Jan Vishwas Bill already has 355 provisions being decriminalized. My department has already identified 500 more laws which can be decriminalized

Goyal: The idea is promoting ease of doing business, and ease of living

Piyush Goyal Interview Live Updates: Our FY26 overall exports will be higher than last year, says Piyush Goyal

Goyal: Our FY26 overall exports will be higher than last year

Goyal: I am sure our exports will be higher this year than last year

Goyal: I think the US, India relationship is one of the most consequential relationship in the globe today

Goyal: US-India relationship is one of the most consequential relationship on globe today

Piyush Goyal Interview Live Updates: India is poised for a very bright future, says Piyush Goyal

Goyal: An honest government will always have money to spend like we have by giving relief of Rs 2 lakh crore in one shot via GST reforms

Goyal: GST reforms will give a big leg up to GDP, investments and demand. And growing demand will mean more jobs in manufacturing and services

Goyal: India is poised for a very bright future

Goyal: I am very confident that the GST reforms starting Sept 22 will give a big leg up to the economy, to GDP growth, will ensure that Indian investments continue to power on. When there is demand there will be interest to put more investments

Piyush Goyal Interview Live Updates: PM Modi has shown good economics can also be good politics, says PM Modi

Goyal: The cut in health and life insurance premiums from 18% to none is a massive reduction

Goyal: The fundamentals of the economy is strong making sure we only power on and not slip

Goyal: PM Modi has shown good economics can also be good politics

Goyal: The market recognizes that we are in safe hands.

Piyush Goyal Interview Live Updates: Consumers are in for significant gains due to GST reforms, says Piyush Goyal

Piyush Goyal: The reduction in cement price helps the middle class to own and afford a home

Goyal: Consumers are in for significant gains due to GST reforms and I am very, very sure of that

Piyush Goyal: The industry has committed to us that the full benefit of net of input taxes is passed on to the consumers. So consumers are in for significant gains.

Goyal onGST cuts: Higher demand leads to more manufacturing. Multiplier impact of GST cuts will give India big boost

Goyal: PM Modi has trusted the industry and the people have trusted the Prime Minister of India

Goyal: With boost in demand, revenue will probably go up

Goyal: See revenues going up on GST reforms not down

Goyal: See revenues going up on GST reforms not down

Goyal: Hardly a very consequential impact on revenues owing to GST reforms

Goyal: Fertiliser prices have not gone up in the past 11 years

Piyush Goyal Interview Live Updates: It is very logical that Income tax and GST reforms will spur consumption, says Piyush Goyal

It is very logical that Income tax and GST reforms will spur consumption, says Piyush Goyal

The reduction in cement from 28% to 18%. It suddenly brings down the cost of real estate and building a home, says Piyush Goyal

Piyush Goyal Interview Live Updates: For PM, Ease of doing business is the pathway to a developed economy, says Piyush Goyal

For PM, Ease of doing business is the pathway to a developed economy, says Piyush Goyal

Ease of living is a commitment to people of India to ensure wider prosperity and economic growth, says Piyush Goyal

India's economy will soon to become 3rd largest by 2027, says Piyush Goyal

Piyush Goyal Interview Live Updates: I see this as most transformative step the nation has seen in past 56 years, says Piyush Goyal

I see this as the most transformative step the nation has seen in the past 56 years: Piyush Goyal on GST reforms:

Piyush Goyal Interview Live Updates: Commerce Minister's first big interview after major GST reforms

Union Minister PiyushGoyal talks about centre's GST Diwali Bonanza for Indian middle class, US tariffs, India's GDP growth, and more in a conversation with Network18 Group Editor-in-Chief Rahul Joshi.

Piyush Goyal Live Updates: Piyush Goyal assures help to exporters to deal with global trade uncertainties

Commerce and Industry Minister Piyush Goyal on Wednesday assured exporters to support them in dealing with steep tariffs imposed by the US, an official said.

He also reaffirmed the government's commitment to safeguarding the interests of Indian exporters amid the evolving global trade scenario.

He assured industry representatives that the government is actively engaged in creating an enabling environment to help exporters navigate recent challenges, the official said.

Piyush Goyal Live Updates: Piyush Goyal urges industry to pass on 'entire benefit' of GST cut to consumers

Piyush Goyal urged the industry to make a twin commitment to PM Modi, and pass on the GST cut benefits to the common man as well as promote swadeshi goods. Read More