Delphin and Goyal also highlighted the need to resolve constraints and regulatory hurdles faced by companies while doing business in India and the EU, respectively
The first half of 2024 saw 2.3 per cent year-on-year increase. The rebound came against the backdrop of a slump in 2023 - of 1.1 per cent - driven by high inflation and rising interest rates
Among other areas of cooperation, India and the US's focus has also been on critical and emerging technologies that include artificial intelligence and quantum technologies
Investment pact to increase investor confidence: Goyal
New Delhi has been particularly concerned about the value-addition norms pertaining to these imports and will seek their view on the rules of origins while exporting these items
However, trade with Israel, Lebanon, Jordan declines during Jan-July period
According to the minister, the social security coverage details that have been shared with the US cover about 930 million people in India
Goyal and Raimondo also discussed opportunities to increase US investments in India, particularly in some of the new industrial cities being planned
Among the other West Asian countries-Iran, Iraq, Israel, Jordan, Lebanon, Syria and Yemen-the value of the trade with Iraq and Israel is the highest.
Our national interest will always be paramount. We'll calibrate and balance our policies based on needs of the country, says Piyush Goyal
The contraction can be attributed to a high base as well as monsoon impacting industrial activity. The growth in the output was 6.1 per cent in July 2024 and 13.4 per cent in August 2023
As for the fast-growing quick commerce segment, Goyal said that while the government had not studied potential violations, the industry department would examine their compliance with the law
Investments under PLI may hit Rs 2 trillion by next year, says Piyush Goyal
Decision comes after panel flagged funding 'shortfall' in 3 out of 14 sectors
Tariffs up to 100% on key items from China take effect today
Trade bloc to continue with tariff imposed on Indian steel since 2018
The initiative was launched a decade ago, with an aim to boost manufacturing, attract foreign investment, enhance infrastructure, and promote indigenous production
''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"
Asks companies to seek fresh approvals based on new guidelines from January 1
India attends IPEF Supply Chain Council, Crisis Response Network in Washington