India’s free trade agreements will never come at the cost of national interest: Piyush Goyal

India's Commerce Minister, Piyush Goyal, recently emphasized the strategic approach the country is taking towards free trade agreements (FTAs), ensuring they align with national interests. Speaking to a gathering of traders, Goyal reassured them that the government remains committed to safeguarding sensitive sectors while negotiating these international deals. His remarks come amidst growing discussions on India's role in global trade dynamics. Highlighting the importance of protecting domestic industries, Goyal stated that any FTA India enters will be meticulously evaluated to ensure it bolsters the nation's economic growth without compromising key sectors. This assurance aims to alleviate concerns among stakeholders who fear that opening markets could potentially harm local businesses. The minister underscored that the government would prioritize India's economic sovereignty in all trade negotiations. Goyal's comments reflect a broader strategy to balance globalization with national priorities. By carefully crafting FTAs, India seeks not only to expand its trade footprint but also to enhance its economic resilience. This approach is intended to foster a more competitive domestic market, encouraging innovation and growth. As India continues to engage with global partners, the emphasis remains on securing deals that are mutually beneficial and protect the country's core economic interests.

— Authored by Next24 Live