India-US Trade Negotiations Must Remain Fair: Piyush Goyal

Spread love

Negotiations are a continuous process and India must safeguard its interests while balancing the sensitivities of farmers, fishermen, small industries and businesses, said Piyush Goyal.

By TRH News Desk

New Delhi, November 18, 2025 — Union Minister of Commerce and Industry, Piyush Goyal, while addressing the Indo American Chamber of Commerce in New Delhi today, emphasised that the India–US partnership remains strong, stable and continuously expanding across strategic and economic sectors.

Goyal said there is no cause for concern regarding the bilateral relationship and reiterated that the friendship between the two nations stands on firm pillars of democracy, diversity and a shared developmental vision.

Goyal stated that the United States views India as a trusted partner, and both countries remain committed to expanding trade and commerce. He noted that a comprehensive partnership such as the India–US relationship comprises several elements that may progress at different speeds.

He added that negotiations are a continuous process and India must safeguard its interests while balancing the sensitivities of farmers, fishermen, small industries and businesses.

Referring to the Prime Minister’s vision, Goyal recalled the statement that India is not merely an emerging market but an emerging model of development.

He noted that India produces 2.4 million STEM graduates every year and continues to deepen partnerships with several developed countries through Free Trade Agreements, either concluded or under negotiation.

The Minister highlighted the scale of India’s market and the pace of its growth, noting that the Indian economy has more than doubled in the last decade. He stated that at current growth rates, India’s economy is doubling every eight years and aspires to become a USD 30–35 trillion economy by 2047.

Goyal said India’s development potential rests on a secure nation, clean governance, decisive leadership and continuous reforms. He noted that the Government has been eliminating cumbersome compliances, reducing procedural burdens, decriminalising minor offences and enabling ease of doing business.

He said India’s youthful population, with an average age of 28.4 years, is driving growth and seeking a better quality of life.

The Minister said that despite global volatility and challenges, India stands as an oasis of stability. He highlighted that the Indian stock market has grown nearly four-and-a-half times in the last 11 years, with more than 2,000 Global Capability Centres many from the United States operating in India and leveraging Indian talent.