New Delhi, June 8 (IANS) Commerce Minister Piyush Goyal on Monday said India’s 7.7 per cent GDP growth reflected sustained policy interventions and economic reforms undertaken by the government over the past decade, which have ensured that the country remains the fastest-growing economy. “I don’t think any of you would have imagined that last year would close with a GDP growth of 7.7 per cent. This is not an accident, it is a decade of structural reforms,” he said.The minister launched the BHAVY…
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New Delhi, May 21 (IANS) India’s 2026 presidency of BRICS arrives at a moment of significant geopolitical and geo-economic turbulence, creating both a challenge and an opportunity for the country to help shape a more stable, inclusive, and pragmatic international order, senior representatives from government and industry said here on Thursday.Chintan Research Foundation (CRF) convened a closed-door roundtable, titled “BRICS Rising: India’s Strategic Presidency” in the national capital.Th…
New Delhi, May 15 (IANS) India is banking on the proposed export promotion mission and a new wave of free trade agreements (FTAs) to push the country’s exports towards the ambitious $1 trillion milestone in FY27, a top government official said on Friday.Speaking to NDTV Profit, Commerce Secretary Rajesh Agrawal said the government expects export growth in the current financial year to surpass last year’s pace, with efforts aimed at achieving expansion well beyond the 10-15 per cent range req…
Mumbai, May 11 (IANS) India’s approach towards Free Trade Agreements (FTAs) is focused on building stable and future-ready partnerships that enable domestic industries to integrate more effectively with global value chains, Commerce Secretary Rajesh Agrawal said on Monday.Speaking at a session on “FTAs as Catalysts for Growth in Global Trade” during the CII Annual Business Summit 2026 here, Agrawal said that in an increasingly fragmented global landscape, trade resilience, long-term predic…
New Delhi, May 1 (IANS) Union Minister of Commerce & Industry Piyush Goyal on Friday informed about a virtual interaction with UK Secretary of State for Business and Trade Peter Kyle to deepen bilateral trade and investment ties.Both leaders explored ways to enhance trade & investment ties, while fully leveraging the India‑UK Comprehensive Economic and Trade Agreement (CETA), the minister said in a social media post.In the previous week, Piyush Goyal had emphasised the importance of a …
New Delhi, Feb 20 (IANS) Commerce and Industry Minister Piyush Goyal on Friday launched seven additional interventions under the Export Promotion Mission, a flagship initiative of the Centre aimed at empowering micro, small, and medium enterprises (MSMEs) for competing in global markets. These interventions are designed to address key challenges faced by Indian exporters, promote broad-based and inclusive export growth, and strengthen India’s position as a globally competitive export powerhous…
New Delhi, Feb 20 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that the interim trade deal between India and the United States is likely to become operational in April this year.Meanwhile, a three-day meeting between Indian and US officials to finalise the legal text for the interim trade agreement will begin in the US on February 23.The minister also said that India’s free trade agreements (FTAs) with the UK and Oman are likely to be implemented in April, while in the case …
New Delhi, Jan 30 (IANS) India’s recent free trade agreements (FTAs) reflect a strategic shift from defensive trade policy toward a targeted, growth-driven approach, which is focused on partners where trade complementarities are already strong, logistics are efficient, and economic interests are aligned, an Australian media article said.In a decisive departure from earlier trade strategies, India is increasingly choosing partners where bilateral trade was already expanding and where agreements…
New Delhi, Jan 30 (IANS) The EU–India free trade agreement has emerged as a major cause for concern in Dhaka as it delivers market access gains for India in the textiles, apparel, leather, and footwear sectors that have long underpinned Bangladesh’s export success in Europe, a Bangladeshi media report said.”With Bangladesh set to graduate from LDC status in November 2026, and its preferential access to the EU market expected to erode after a three-year transition period, the timing of this d…
New Delhi, Jan 14 (IANS) India’s GDP will likely expand 7.5-7.8 per cent in the current fiscal (FY26), driven by festive demand and robust services activity, a report said on Wednesday.The report from Deloitte India, however, noted that the growth could moderate to 6.6–6.9 per cent in FY27 because of a high base and lingering global uncertainties.The business consultancy noted that real GDP grew 8 per cent in the first half of 2025–26 (April–September), underscoring the economy’s resilie…