Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade
Underscoring the country's strong performance in global trade despite challenges, the minister said discussions on free trade agreements (FTAs) were advancing with several countries
US signals softer dairy stance, eyeing premium cheese exports to India as trade talks restart; India wary of opening sensitive farm sector
US Commerce Secretary Howard Lutnick said he believes the US will sort out a trade deal with India as soon as that country stops buying Russian oil
The minister said that negotiations are going on with the European Union as well in the national capital for concluding a trade agreement
The chief negotiators of the two sides are holding the 13th round of negotiations for the proposed free trade agreement
India and Qatar are likely to finalise the framework for a free trade agreement in early October, with commerce minister Piyush Goyal expected to travel to Doha soon
Union Minister Piyush Goyal said there is never a fixed timeline for negotiations and they should be conducted patiently with a long-term perspective
Commerce Minister Piyush Goyal confirms that industries will pass on the benefits of GST rate reductions to consumers and discusses plans to boost exports amid US tariff challenges
Union Commerce and Industry minister said the GST reforms would boost demand in almost all sectors, supporting the economic growth of the country
The minister said the GST reforms would boost demand in almost all sectors and support the economic growth of the country
Government pledges policy interventions and trade support to ease impact of 50% US tariffs
He also reaffirmed the government's commitment to safeguarding the interests of Indian exporters amid the evolving global trade scenario
Piyush Goyal said India and the US remain in talks for a trade deal despite tariff frictions, even as India advances free trade agreements with the EU and other partners
He also said, "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
With five rounds concluded so far, India-US trade negotiations faced a pause as the US deferred its visit after imposing a 50 per cent duty on Indian goods from August 27
The commerce minister said Indian industry sees the large domestic market as a comfortable profit zone, and that it needed to re-evaluate its efforts at value addition
The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's
The government is working on support measures for exporters as the 50 per cent tariffs imposed by the US on Indian goods are expected to hurt certain labour-intensive sectors
He also assured exporters of all support to deal with the current global uncertainties at the trade front, which was caused due to unilateral actions of a country