What did Piyush Goyal say about the trade deal with the US?
Piyush Goyal expressed that the trade deal with the US is dedicated to enhancing opportunities for various sectors, including exporters, farmers, and small industries in India.
Piyush Goyal, India's Minister of Commerce and Industry, highlighted the significant impact of the trade deal with the United States on various sectors in India. He noted that this agreement is aimed at benefiting exporters, farmers, and micro, small, and medium enterprises (MSMEs), along with workers, youth, sisters, and fishermen, ultimately impacting millions of Indians. The deal is expected to create extensive employment opportunities and stimulate the entrepreneurial spirit, enabling many to start their own businesses and startups.
Goyal stated that the trade deal is not just an economic arrangement but also a promise of prosperity for India's 1.4 billion citizens. He underscored the importance of this agreement in fostering new business prospects across different sectors, which would lead to increased job creation and economic growth. The minister conveyed confidence that this development would enhance the festivities of Diwali with a sense of well-being and enthusiasm among the Indian populace.
The implications of the trade agreement extend beyond immediate economic benefits; it seeks to strengthen India's position in global trade and foster long-term relations with the US. As trade relations evolve, the focus on support for various demographics reveals a comprehensive approach to economic development, aiming to build a more robust and inclusive economy that can contribute to national growth and stability.