Union Minister Piyush Goyal hails India-US Trade Deal as ‘Historic’ and forward-looking

Union Minister Piyush Goyal has praised the recently inked trade agreement between India and the United States, describing it as both "historic" and forward-looking. This landmark deal is anticipated to significantly boost bilateral trade, enhancing economic cooperation between the two nations. Goyal emphasized its strategic importance in fostering a robust partnership that aligns with the evolving global economic landscape. The agreement is set to benefit a wide array of sectors within India, notably including Micro, Small and Medium Enterprises (MSME), textiles, gems and jewellery, leather goods, and marine products. These industries are expected to see increased export opportunities, fostering job creation and economic growth. The Union Minister highlighted how this deal positions India to become a more competitive player on the global stage, leveraging its diverse industrial strengths. Furthermore, Goyal underscored the deal's potential to promote innovation and sustainable practices across these sectors. By facilitating technology exchange and investment, the agreement aims to modernize production processes and enhance quality standards. Both nations are committed to ensuring that this partnership not only strengthens trade ties but also promotes shared values of economic resilience and development.

— Authored by Next24 Live