Trade pact with US set to be finalised by end of '25: Piyush Goyal
Sunday, 16 February 2025 Commerce and Industry Minister Piyush Goyal stated that the announcement of a trade deal with the US has instilled significant confidence among businesses on both sides. The agreement aims to strengthen economic ties and targets a bilateral trade of $500 billion by 2030, while promoting domestic manufacturing through initiatives like the National Manufacturing Mission.
External Affairs Minister S. Jaishankar revealed that India and the US had a "very open discussion" on trade, leading to an agreement between PM Narendra Modi and President Donald Trump to finalize a bilateral trade deal by fall this year. Speaking at an event in Delhi with Kyung-wha Kang of Asia Society, Jaishankar emphasized the active and intense trade discussions between both nations. He also highlighted Union Minister Piyush Goyalβs visit to the US in February and noted the strengthening of defense ties, with the US becoming more open to technology partnerships. Is this a new era for India-US relations? Stay tuned for updates.
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