




The recent upgrade of India's sovereign rating by S&P to BBB reflects confidence in the country's strong fundamentals.
'If any country wants to enter into a free trade agreement with us, we are always ready. But I believe that any form of discrimination affects the self-confidence and self-respect of India's 1.4 billion citizens,' says Piyush Goyal
On August 6,Trump announced that the US will impose an additional 25% tariff on Indian goods as punishment for India’s purchases of Russian oil, taking the total to 50% from August 27.
India’s smartphone and pharma exports remain unaffected; gains from trade diversion may partly offset losses
CIM Goyal said the India-UK CETA is a gold standard of trade deals done by India, however, he added that no two trade deals can be the same, implying that the India-US deal is "fast progressing" but may take some more time.
The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024
India is pushing for sustained preference over competing countries in labour-intensive areas such as textiles and leather.
The government has committed around Rs 1.97 lakh crore for various PLI schemes for a period of five years starting 2021-22 to help bring scale and size in key sectors.
Commerce and Industry Minister said that during the meeting with Oliver Prill they discussed fintech ecosystem, digital empowerment, and fostering SME-led growth between India and UK.
Speaking in London, the Union Minister called for ethical regulation of AI amid deepfake threats, while backing India’s full-scale adoption of the technology.
Criticising the previous government's move to sign a trade deal with ASEAN, commerce minister Piyush Goyal said that the current regime was therefore focussing on brokering pacts with developed economies who complement rather than compete with India.
The minister wrote: "Had a highly productive meeting with Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade, and Hakan Jevrell, State Secretary for Foreign Trade, Sweden, today."
Piyush Goyal said, "It has been confirmed that approximately 40,000 square meters can be made available… They will shift the green zone to another location.”
Goyal said that the proposed bilateral trade agreement between India and the United States presents a valuable opportunity for both nations to enhance and deepen their economic partnership.
Drawing a parallel with India’s agreement with Australia, Goyal noted that both nations had initially implemented an interim deal, which later expanded into a more comprehensive pact.
According to Goyal, the Indian embassy is already in discussions with Chinese authorities on the matter, and the commerce ministry is engaged as well.
Prime Minister Narendra Modi also met the UK Foreign Secretary a day earlier and acknowledged his “substantive contribution” to strengthening the bilateral relationship.
These issues were discussed during the meetings between Commerce and Industry Minister Piyush Goyal and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani
Commerce and Industry Minister Piyush Goyal said that India is taking steps such as giving encouragement to startups to do R&D for innovations and to find alternate and smarter solutions.