Piyush Goyal

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.

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

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.

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.

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

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

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.

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.

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.

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

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

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

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

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

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

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, 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.

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