




Commerce Minister also said that the decision to reduce rates under the GST regime had nothing to do with any other nation or upcoming state elections.
The commerce minister said that the Centre is working towards making it easier for exporters in domestic markets.
Read the full transcript of Union minister Piyush Goyal's interview with Network18
Piyush Goyal on Thursday said the government expects tax revenues to rise, not fall, following the rationalisation of GST rates, as higher demand will offset any rate cuts.
Expressing optimism, Piyush Goyal said India was 'poised for a very bright future' with rising consumption, economic resilience and reforms pushing growth momentum.
Goyal slammed the Congress leader and said,"We have seen that over the years. He sees ghosts where there are none. He cannot appreciate that the people of India has seen significant improvement in their lives".
We will soon be mounting delegations of Indian seafood exporters to Singapore and the UAE. Besides, Latin America and the Gulf region have huge potential for our products, Union minister for commerce and industry Piyush Goyal said.
Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline when tariffs doubled. Exports to America have risen around 22 percent on-year till July in the current fiscal, which is higher than the trend growth rate of 17-18 percent.
Speaking in an interview to Network18 Group Editor-in-Chief Rahul Joshi, Goyal said that the market recognizes that a decisive and strong leader like Prime Minister Modi will always keep national interests ahead of everything else.
“The idea is clear, reduce paperwork and compliance burden so businesses can focus on business, and citizens can live easier lives,” he added.
More investments will lead to more jobs in manufacturing and services, Goyal said, adding that services PMI hit a 15-year high in August
India and the US 'will continue to be friends and engage, describing the partnership as multidimensional', said Goyal
The discussion gains further weight as it unfolds amid ongoing tariff turmoil, with Goyal laying out the government’s vision on trade, growth and reform.
Goyal said that India can weather any challenges as it has done in the past. He also cited the country's contribution during the pandemic when medicines and vaccines were supplied to over 100 nations either free of cost or at nominal prices without making profits.
Commerce and Industry Minister Piyush Goyal also reaffirmed the government's commitment to safeguarding the interests of Indian exporters amid the evolving global trade scenario.
Goyal said trade talks between the two countries were overshadowed by a "little bit" of geopolitical issues but they will be back on track soon
"I have told my office, every person at decision-making levels, has to have the latest version of AI, ChatGPT or whatever else is available, on their phones or their laptops," said Piyush Goyal.
"I have told my office, every person at decision-making levels, has to have the latest version of AI, ChatGPT or whatever else is available, on their phones or their laptops," Piyush Goyal said.
Commerce Minister Piyush Goyal reiterated that India is holding talks with the US on a bilateral trade agreement (BTA).
The recent upgrade of India's sovereign rating by S&P to BBB reflects confidence in the country's strong fundamentals.