Piyush Goyal on India-US Trade Relations

Commerce and Industry Minister Piyush Goyal has reaffirmed India’s commitment to strengthening trade ties with the United States, stressing that the approach will remain open, positive, and mutually beneficial.

“We are approaching our future trade relationship with the US with an open mind, a positive outlook, and the confidence that the India-US relationship is very consequential and very important to both countries,” Goyal said while addressing industry representatives.

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Focus on Industry Feedback

The Minister urged the domestic industry to share actionable feedback to reduce compliance burdens and improve competitiveness, highlighting that smoother regulations are key for boosting India’s trade position.

At the same time, Goyal made it clear that India’s trade talks with the US will not be linked to its relations with China, underlining that each relationship is being handled independently based on national interest.

Market Insights & Key Takeaways

• The statement signals stability and continuity in India-US economic engagement despite global trade tensions.

• Businesses may benefit if compliance burdens are reduced, improving India’s ease of doing business.

• Investors are watching closely as bilateral trade negotiations could open new sectors and market opportunities.

Market Update

The global market is currently adjusting to new tariffs and trade measures by the US, and India’s positive stance could offer reassurance to foreign investors. Analysts believe that India’s openness may attract more long-term US investment, particularly in technology, manufacturing, and services.

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