




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.
'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.