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India-US ties strong and expanding: Piyush Goyal
The Indian commerce minister underscored resilient bilateral ties, strong domestic fundamentals, and balanced trade negotiations as India targets long-term growth and an advanced economy by 2047.
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Anushka Pathak - Tue, 18, Nov 2025
- 11:21 EST
- 21
Piyush Goyal / (Image: Wikipedia)
India’s partnership with the United States remains strong, stable, and expanding across strategic and economic sectors, Commerce and Industry Minister Piyush Goyal said, emphasizing that there is “no cause for concern regarding the trajectory of the partnership.”
Addressing the Indo-US Economic Summit organized by the Indo American Chamber of Commerce (IAAC) on Nov. 18 in New Delhi, Goyal said the relationship is grounded in shared democratic values and a common development agenda.
Regarding the ongoing trade deal talks between the two countries, the minister said, “Negotiations are a continuous process, and India must safeguard its interests while balancing the sensitivities of farmers, fishermen, small industries, and businesses.”
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He reiterated that the United States continues to view India as a trusted partner committed to deeper trade and investment engagement.
His remarks come as six rounds of trade talks have been completed between the two countries, and the first tranche—focusing on reciprocal tariffs, market access, and withdrawal of US penalty duties (including a 50 percent tariff linked to Russian energy purchases)—is reportedly nearing closure, potentially by the end of Nov. 2025.
India’s progress aligns with U.S. interests
In his address, Goyal highlighted that more than 2,000 U.S.-linked Global Capability Centers currently operate in India across engineering, finance, research, and digital transformation. Both countries, he said, are well placed to scale collaboration in artificial intelligence, quantum computing, advanced manufacturing, and design.
Referencing government efforts to accelerate innovation, he pointed to new initiatives such as a $1.1275 billion Fund of Funds for Startups and an $11.28 billion R&D corpus, which open additional avenues for U.S. engagement.
He added that India’s progress toward Amrit Bharat 2047 aligns with U.S. interests in stable, high-growth economies. India’s demographic advantage—with 2.4 million STEM graduates annually—supports deeper cooperation in technology, innovation, and high-skill sectors where American companies are already significantly invested.
Goyal said the India–US partnership has strengthened in parallel with India’s economic rise and the U.S. push to diversify supply chains toward trusted markets. Strong banking systems, low inflation, fiscal discipline, and rising consumer demand, he said, reinforce India’s credibility as a long-term economic partner for the United States.
Calling for stronger alignment between the two countries, he said India and the U.S. can unlock significant long-term opportunities through sustained collaboration and shared economic goals.
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