Goyal emphasized that negotiations with the US are ongoing, but India does not plan to conclude agreements under pressure or within a set timeframe. According to the minister, the country adheres to a strategic vision and does not make quick decisions based on short-term factors.
The minister noted that India is adapting to existing US tariffs by seeking alternative solutions, including developing new markets and strengthening domestic demand. He emphasized the resilience of the Indian economy, which can withstand external pressure.
Goyal emphasized that a trade agreement is a strategic goal that requires long-term planning and ensuring the most favorable terms for India.
India and the US are actively negotiating a comprehensive trade agreement with the goal of doubling bilateral trade to $500 billion by 2030. Despite progress, the negotiations have been complicated by the US imposition of additional tariffs on Indian goods in connection with India's purchase of Russian oil. New Delhi considers these actions unfair.
Britain has warned of the unpredictable effects of sanctions against Russia.