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Piyush Goyal

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

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  • If the US is happy, they should sign on the dotted line: Goyal on India–US trade talks

    Commerce minister Piyush Goyal said the current visit by the Deputy USTR, who joined recently, is not a formal negotiating round. “Negotiations are progressing well," he said on the India-US trade talks.

  • India, EU signal strong political resolve to address pending issues in FTA

    During their discussions, Goyal and Šefčovič carried out detailed deliberations across key areas of the proposed agreement

  • India’s exports bounce back in November after October slump

    On special economic zones (SEZs), Union commerce and industry minister Piyush Goyal said inter-ministerial discussions are "going on very actively" to make the units in these zones competitive. Surplus capacity in SEZs can be used to reduce imports from countries such as China and ASEAN, he said.

  • India–Canada ties warm up with a $50 billion trade plan — why it matters now?

    The reset marks a shift from strained political ties to renewed economic cooperation, with both sides eyeing deeper trade, technology and energy partnerships.

  • Jan Vishwas Bill-3 will decriminalise at least 275 more business offences: Piyush Goyal

    The recently enacted labour codes will provide substantial benefits to unorganised workers and gig workers, said Union minister for commerce and industry Piyush Goyal. He said these workers previously had to navigate numerous forms, inspections and complex regulations, whereas the new framework simplifies processes and ensures access to proper facilities, social security and better working conditions.

  • India, Canada agree to fast-track FTA negotiations, says Piyush Goyal

    Goyal highlighted opportunities for collaboration in critical minerals, clean and nuclear energy, emerging technologies, and supply-chain diversification, underscoring the strong complementarity between the two nations.

  • India, Israel may seal first phase of Free Trade Agreement: Piyush Goyal

    Goyal also said he spoke with Israel's finance minister, who expressed satisfaction that the bilateral investment treaty had been completed

  • India’s GDP to grow at 7% in FY26, beating world estimates, says Piyush Goyal

    The second quarter GDP, which is yet to be released, will also grow around 7 percent, Goyal said during an event

  • Govt working to boost investment in India, boost FDI and FII: Piyush Goyal

    Goyal says “good news” on an India–US trade deal will come once the agreement is fair and balanced, saying ties remain strong and strategic despite differing paces across issues.

  • Examining relief measures for SEZs to boost production: Piyush Goyal

    Piyush Goyal also said the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India.

  • Piyush Goyal slams ‘ridiculous’ rating norms that compare MSMEs with billion-dollar firms

    Goyal also pointed out that rating agencies often exaggerate minor disruptions or policy changes, creating unnecessary panic, adding that several strong and fundamentally sound companies end up suffering due to such reactions, which fail to take into account India’s broader economic context.

  • India, Australia discuss progress of trade pact talks; agree on early conclusion

    During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships.

  • Talks going on very well, but sensitive issues take time: Piyush Goyal on India-US trade deal

    Talks are going on very well. There are many sensitive issues, many serious issues, so naturally, it takes some time,” Minister Piyush Goyal

  • EU team to visit India next week for trade talks, says Piyush Goyal

    Commerce and Industry Minister Piyush Goyal said that more than 50 percent of the chapters of the free trade agreement (FTA) between India and the European Union (EU) were agreed upon by both sides. Besides, Goyal and his team will head to Queenstown for the fourth round of India-New Zealand trade talks.

  • India won't rush into trade deals, rejects restrictive conditions: Piyush Goyal

    Trade talks with the United States, which has imposed 50% tariffs on Indian exports, and several other countries are underway

  • India, US trade talks progressing; hope to work towards fair, equitable pact in near future: Piyush Goyal

    Last month, Piyush Goyal also led an official delegation to New York for trade talks.

  • Most e-commerce firms passed on GST cuts, offered extra festive discounts: Piyush Goyal

    At the conference, the FM said that the government is witnessing clear signs of improving consumption trends following the rollout of GST 2.0. She added that the Centre is monitoring the prices of 54 items to assess the extent of pass through of prices. These, however, don’t include insurance items.

  • Goyal says India not desperate to clinch trade deals: 'Days of negotiating from position of weakness gone'

    Goyal said the goal of becoming a developed nation by 2047 is “only a medium-term target” and not a goal in itself

  • IMF raising India's growth forecast is proof of country's economic resilience: Piyush Goyal

    Goyal reiterated India’s strategic approach of integrating with global economies while ensuring that domestic industries remain competitive.

  • India-UK trade ministers discuss roadmap to implement historic free trade agreement

    Speaking to business delegates in Mumbai, British PM Keir Starmer said he wants the India-UK free trade agreement (FTA) implemented “as soon as humanly possible."

  • Piyush Goyal, UK's Peter Kyle hold bilateral meeting to fast-track CETA implementation, double trade by 2030

    Piyush Goyal, Peter Kyle reaffirmed their shared ambition to double bilateral trade by 2030, leveraging the complementarities between the two economies in areas such as advanced manufacturing, digital trade, clean energy, and services.

  • Qatari firms keen to partner with Indian firms for investments, third-country projects: Piyush Goyal

    The minister said that Indian businesses should seriously consider such guaranteed financing for partnering with Qataris, business persons in third countries.

  • India-US in continuous dialogue for trade pact: Piyush Goyal

    Goyal said that every possibility exists, but with the US government currently in shutdown mode, it remains to be seen how, where, and when the next round of talks can take place.

  • Initiation of an India-Qatar trade deal on agenda as Piyush Goyal meets Sheikh Faisal in Doha

    India is exploring an FTA with Qatar to secure alternative export markets and cushion its exporters from rising tariff pressures in the US.

  • India, EU begin 14th round of trade talks in Brussels today

    While the EU is seeking greater market access in automobiles and agriculture products, India wants relaxations in the carbon tax on imports of steel, aluminium, cement and fertiliser which kicks in from January

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