{"id":54950,"date":"2025-08-09T08:21:13","date_gmt":"2025-08-09T08:21:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/54950\/"},"modified":"2025-08-09T08:21:13","modified_gmt":"2025-08-09T08:21:13","slug":"negotiating-deals-with-several-countries-piyush-goyal-on-indias-trade-talks-dismisses-trumps-dead-economy-remark","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/54950\/","title":{"rendered":"‘Negotiating deals with several countries’: Piyush Goyal on India’s trade talks; dismisses Trump’s ‘dead economy’ remark"},"content":{"rendered":"

\"'Negotiating NEW DELHI: Commerce and industry minister Piyush Goyal<\/a> on Friday highlighted India\u2019s ongoing efforts to strengthen trade partnerships globally, including negotiations with the United States, despite rising tariff barriers. Speaking at the BT India @100 event, Goyal expressed confidence that India\u2019s exports for the fiscal year 2025-26 will surpass last year\u2019s record of $825 billion.<\/p>\n

‘India Will Act To…’: Piyush Goyal Replies In Lok Sabha On Donald Trump’s 25% Tariff Announcement<\/p>\n

\u201cWe are in dialogue with many countries, Oman, the European Union, the US, Chile, Peru, New Zealand. Many others want to start engaging with India,\u201d Goyal said, pointing to India\u2019s demographic advantage of 1.4 billion people and its vast domestic market as key factors attracting global trade interest.India and the US have been negotiating a bilateral trade agreement since March, with the next round scheduled for late August. These talks have gained urgency after the US imposed a 50% tariff on Indian goods in two phases, 25% starting August 7 and the remaining 25% from August 27.Despite these tariffs, Goyal remained optimistic. \u201cI do not see any de-globalisation. I see countries restructuring their trade routes and partners. I am quite confident this year India will do more exports than last year,\u201d he said.He also referenced recent trade deals signed with the UAE, Mauritius, Australia, the European Free Trade Association (EFTA), and the UK, underscoring India\u2019s expanding global trade footprint.Addressing the broader economic landscape, Goyal emphasized India\u2019s status as the fastest growing large economy, contributing 16% to global growth with one of the lowest inflation rates among emerging markets. \u201cOur macroeconomic fundamentals are the best. India today is stronger, more confident, and more respected,\u201d he said.Goyal countered US President Donald Trump\u2019s prior characterization of India as a \u201cdead economy,\u201d asserting that India\u2019s 6.5% growth rate and strategic trade alignments position the country for further success.On the topic of the ongoing US tariffs, Goyal framed the challenges as opportunities, referencing India\u2019s resilience during the Covid-19 pandemic. \u201cThe nation\u2019s morale is high… India will emerge as the winner in any kind of crisis,\u201d he added.Regarding concerns over the India-UK trade agreement, particularly on government procurement and duties on Scotch whiskey, Goyal reassured that Indian businesses are gaining access to the UK\u2019s procurement market and dismissed worries as unfounded.The minister also took a swipe at Congress leader Rahul Gandhi\u2019s economic criticisms, labeling them \u201cunfortunate\u201d and accused opposition parties of disrupting parliamentary proceedings with \u201cfake narratives.\u201dResponding to allegations by Rahul Gandhi about election rigging, Goyal called the claims \u201cabsurd,\u201d praising India\u2019s Election Commission for conducting globally recognized free and fair elections.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW DELHI: Commerce and industry minister Piyush Goyal on Friday highlighted India\u2019s ongoing efforts to strengthen trade partnerships…\n","protected":false},"author":2,"featured_media":54951,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,45559,99,164,23110,8537,45560,45558],"class_list":{"0":"post-54950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-bilateral-trade-agreement","11":"tag-business","12":"tag-economy","13":"tag-india-us-trade-talks","14":"tag-piyush-goyal","15":"tag-tariffs-on-indian-goods","16":"tag-trade-agreements"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/54950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=54950"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/54950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/54951"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=54950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=54950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=54950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}