Piyush Goyal

India is not in favour of a BRICS currency and does not support the introduction of any such scheme, Commerce and Industry Minister Piyush Goyal said on Friday. BRICS group comprises 11 major emerging markets and developing countries of the world -- Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, and United Arab Emirates (UAE). It serves as a platform for consultation and cooperation on contemporary issues having global as well as regional significance, and issues of global political and economic governance. "Bharat BRICS currency ke paksh mein nahin hai. Hum samarthan nai dete ki aisi koi BRICS currency jaisi nai yojna lai jaye. Bharat ka uske upar virodh hai (India is not in favour of a BRICS currency. We do not support the introduction of any such BRICS currency scheme; India opposes it)," he told reporters after conclusion of the two-day meeting of BRICS trade and industry ministers in Jaipur. These remarks are important as in 2024, U

India and Uzbekistan should look at doubling bilateral trade in the next three years as huge opportunities are there in enhancing cooperation in areas like mining, pharma, and healthcare, Commerce and Industry Minister Piyush Goyal said on Monday. The two-way commerce stood around USD 1.5 billion. Trade will have to lead from the front to boost economic ties between the two countries, he said, adding, "let's look to double trade in next three years". He was speaking at the India-Uzbekistan Business Forum meeting here. Goyal also called upon businesses of both sides to invest in each other's economies. He added that while India is strong in areas like IT, skilled work force, digital public infrastructure, Uzbekistan offers opportunities in segments such as mining and cotton production. If the two countries can look at negotiating a free trade agreement, he said, "That is a promising idea. We can look at that." Speaking at the function, Laziz Kudratov, Uzbekistan's Minister of ...

Value-added export marks a shift from raw produce as Bihar farmers gain better prices and India's premium makhana targets global healthy snack markets

Commerce minister says export momentum is expected to continue as FTAs take effect, while India remains engaged with the US on the proposed trade pact

He emphasised that India's strong growth trajectory, expanding manufacturing base, vibrant innovation ecosystem and progressive reforms present significant opportunities

The Centre has launched the eighth tranche of critical mineral auctions, offering 20 blocks across nine states as it seeks to strengthen India's strategic mineral value chain

Fully engaged with Washington for a balanced deal, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Monday said India and the US teams are fully engaged for a trade pact that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers. He said that he had a meeting with US Trade Representative Jamieson Greer here last month. "Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and delivers tangible benefits for businesses, farmers, workers, and consumers in both countries. Our teams remain fully engaged in achieving this objective," Goyal said in a social media post.

India and the UK's trade deal comes into force on July 15, lowering import duties on many Indian exports and offering social security relief for professionals

India's policy calendar this week will track inflation, wholesale prices, trade agreements and forex reserves

The India-EU free trade agreement is likely to take effect in the April-June quarter of 2027 after ratification, according to the European Commission's chief negotiator

Piyush Goyal says the Trade and Technology Council dialogue will complement the recently concluded India-EU free trade agreement, while India aims to conclude the Canada FTA within six months

India exported goods worth $1.4 billion to Peru during the last financial year, while imports stood at $8.87 billion, resulting in a trade deficit of $7.47 billion

Commerce Minister Piyush Goyal expects merchandise exports to grow 16-17 per cent and services exports 10-11 per cent, taking India's total exports close to the $1 trillion target

Speaking at the Board of Trade meeting at Vanijya Bhawan in New Delhi, Goyal said the target would require a sharp increase in both goods and services shipments

Commerce Minister Piyush Goyal says the India-EU free trade agreement is on track for signing by December-end, while reiterating India's demand for a competitive edge in the interim US trade deal

Goyal called for greater focus on Japanese, German and French, citing demand for language-skilled professionals in Japan. His remarks come as CBSE rolls out the three-language framework

Piyush Goyal will chair the Board of Trade meeting on July 3 to discuss boosting exports to $2 trillion by improving FTA utilisation and cutting logistics costs

The Board of Trade (BoT), chaired by Commerce and Industry Minister Piyush Goyal, is scheduled to meet on July 3 to leverage benefits from recent trade pacts and to discuss strategies for accelerating the country's exports, an official said. The BoT includes participants from various states, Union territories, and senior officials from the public and private sectors. In the meeting, representatives of export promotion councils, along with other participants, will present their views on the export sector. "The BoT is meeting on July 3 here," the official said. The last meeting of the board was held on November 25, 2025. The meeting is important as India has implemented five free trade agreements (FTAs) since 2021 with Mauritius, Australia, the UAE, Oman, and the four-nation European EFTA bloc. It has also signed a pact with the UK, which will come into force on July 15. The trade pact with the 27-nation EU is expected to be signed by the end of this year and may come into force ne

Commerce and Industry Minister Piyush Goyal has said that the 'Made in India' label represents the country's reputation and commitment to quality and stressed that quality is not just a corporate metric, but a national responsibility. Goyal cited Tamil Nadu-based Florence Shoe Company's global success as an example of how Indian entrepreneurs are strengthening Brand India's image through world-class manufacturing. Sharing the story of Florence Shoe Company founder Aqeel Ahmed Panaruna during a business plenary session in London on June 27, Goyal said an international customer spotted a luxury Hugo Boss shoe at Cairo Airport, checked its label and found it carried the words "Made in India". The shoe had been manufactured by Panaruna's company in Ambur, Tamil Nadu. "When you label a product 'Made in India', you are representing a country," he said. For entrepreneurs like Aqeel, quality is not just a corporate metric, it is a national responsibility, Goyal said in a social media ...