Union Minister Piyush Goyal has described the recently finalized India–United States trade agreement as a historic achievement, attributing its success to the strong leadership of Prime Minister Narendra Modi. In a detailed statement, Goyal emphasized that this landmark deal, forged through close diplomatic ties between PM Modi and US President Donald Trump, places national and public interest at its core, promising to unlock significant opportunities for all 140 crore citizens of India.
Comprehensive Benefits Across Key Sectors
Goyal outlined that the trade pact is designed to deliver tangible advantages to diverse segments of Indian society. Farmers, fishermen, youth, women, and laborers are poised to gain substantially from the enhanced economic framework. Importantly, he reassured that sensitive sectors such as agriculture and dairy have been fully safeguarded under the agreement, ensuring their protection from adverse impacts.
Boost for Export-Oriented Industries
The minister highlighted that Micro, Small, and Medium Enterprises (MSMEs) along with key export-driven industries will experience a significant uplift. Sectors including engineering, textiles, gems and jewelry, leather, and marine goods are expected to benefit from improved market access and reduced trade barriers. Additionally, the deal opens new avenues in technology collaboration, integration into global supply chains, and expansion of labor-intensive industries.
Economic Growth and National Pride
Goyal projected that this agreement will serve as a catalyst for India's economic growth, driving higher exports and generating widespread employment opportunities. He expressed confidence that the successful negotiation of this deal will instill a sense of pride among every Indian citizen, reinforcing the nation's standing on the global stage.
Transparency and Future Steps
The Union Minister confirmed that a joint statement detailing the agreement's provisions will be released shortly, accompanied by comprehensive technical documentation. This move aims to ensure transparency and provide stakeholders with a clear understanding of the deal's implications and implementation roadmap.
Goyal's remarks underscore the strategic importance of the US-India trade relationship, positioning this agreement as a cornerstone of India's economic diplomacy under the current administration.
