Piyush Goyal is a senior Bharatiya Janata Party (BJP) leader and the Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles in the Narendra Modi-led BJP government at the Centre. A Leader of the Rajya Sabha, he has been representing Maharashtra in the Rajya Sabha since 2010. He earlier served as Minister of Railways between 2017 and 2021. In the previous term of the BJP government, Goyal had also donned the hat of the finance minister twice in 2018 and 2019, standing in for then Finance Minister Arun Jaitley during phases of the latter’s ailment. Goyal presented the Interim Budget for 2019-20, ahead of the Lok Sabha elections. During his 35-year long political career, he held several other portfolios -- Minister of Coal (2014-19), Minister of State (I/C) for Power, New and Renewable Energy (2014-17), and Mines (2016-17). He has been the National Treasurer of the BJP. Goyal was an all-India second rank holder Chartered Accountant (CA) and second rank holder in Law in Mumbai University. Before joining politics, he worked as an investment banker and advised top corporates on management strategy and growth. He also served on the board of India’s largest commercial bank, the State Bank of India and Bank of Baroda as Government nominee. More
Goyal, in a post on X, said he had a 'production discussion' with Greer on various topics, including India-US trade deal and WTO agenda
Piyush Goyal said restoring confidence among members was essential to revitalise the WTO’s functioning
In a statement circulated at the WTO’s 14th Ministerial Conference (MC14) on March 26, Goyal flagged the 'potentially significant implications' of the moratorium
According to Piyush Goyal, the commerce ministry is also preparing standard operating procedures to support exporters if shipments need to be returned or rerouted.
Goyal said that it will be the fastest agreement to be approved by the UK parliament
Goyal said that start-ups, corporates, and MSMEs must work towards making good use of FTAs.
Commerce and Industry Minister Piyush Goyal said that India-US relationship is strong, multi-dimensional, and not only about trade as there is a huge technology overlay on it.
Exporters are facing issues with regard to the movement of consignments to West Asia following the joint attack launched by the US and Israel on Iran
Goyal said an Inter-Ministerial Group (IMG) for Supply Chain Resilience has been created to strengthen coordination and monitoring.
The Indian team was scheduled to start the three-day meeting on February 23 in the US
Goyal said PM Modi has placed big focus on 'quality consciousness' to make Indian products globally recognisable
Goyal stated that India today engages with developed economies with confidence, safeguarding sensitive sectors while securing gains in areas of competitive strength
Addressing a gathering at the GEC event in Mumbai, Goyal said recent market unease over the IT sector does not reflect the sector’s long-term prospects.
Speaking at the launch of NITI Aayog’s Frontier Tech Hub roadmap on India’s Technology Services in New Delhi, Goyal said companies should not take a “depressed outlook” on the future.
Under the new agreement, India will eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food and agricultural products, including dried distillers’ grains (DDGs), red sorghum, tree nuts, fresh and processed fruit, certain pulses, soybean oil, wine and spirits, and additional products.
India, on February 7, opened their ICC Men’s T20 World Cup 2026 campaign with a 29-run win over the U.S. at Wankhede, restricting them to 132 for eight while chasing 162.
India and the United States recently announced a framework for an Interim Trade Agreement on reciprocal and mutually beneficial trade, reaffirming their commitment to a broader Bilateral Trade Agreement (BTA) that was launched by US President Donald Trump and Prime Minister Narendra Modi
Piyush Goyal said India is already importing between $45–50 billion worth of goods from the US annually, largely in areas where domestic production is limited.
Goyal asserted that there has been no compromise on farmers' welfare and that he has presented complete information transparently before the nation.
India has imposed a minimum import price (MIP) of Rs 80 per kg and an import duty of 25 per cent on apples from the US under the proposed India-US trade pact, which is expected to be signed by mid-March.
Under the framework, India will eliminate or cut tariffs on all US industrial goods and a broad basket of American agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil, wine and spirits and additional items.
In 2024, more than $8 billion worth of Indian exports were subject to Section 232 tariffs, which range between 25% and 50% depending on product categories. Nearly $4 billion of this exposure came from automobiles and auto components
India-US Trade Deal: Under the interim agreement, India will reduce duties on high-end American cars, but no tariff concessions have been extended to electric vehicles.
Piyush Goyal said the interim framework would open up a $30 trillion market for Indian exporters, particularly benefiting MSMEs, farmers and fishermen.