US-India Trade Deal Nears Closure as Goyal Outlines Modi Strategy

New Delhi[India] January 31: Commerce Minister Piyush Goyal has said the India US trade deal is moving towards closure. He called it a positive deal. He avoided fixed deadlines. He said India never signs deals under pressure. Talks with the US began early last year. They slowed down after the US imposed high tariffs in August. Negotiations later resumed quietly. Goyal said no major issues remain. Many experts now ask, is the deal finally close? Market watchers believe both countries see benefit. Public reaction online shows cautious hope.

Canada and Other Deals Enter the Picture

Goyal also spoke about a possible trade deal with Canada. He said Canada is keen to move fast. Talks are at an early stage and both sides are working on basic terms. He made it clear that each trade deal is different. The UK deal was praised. The EU deal was also called strong. But no deal can be copied fully. Economy size matters. National interests matter. People online commented that India is choosing partners wisely now. Some asked if India is becoming a global trade hub. The discussion is growing.

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India EU Deal Built on Long Talks

The India EU trade agreement did not happen overnight and negotiations started in 2022. Goyal said the EU stayed committed throughout. There was some slowdown in 2024 due to elections in India and Europe. Still, talks continued. He said EU leaders were sensitive to India’s concerns. Goyal expressed confidence that the EU Parliament will approve the deal in 2026. He also cited support from Germany. Many analysts believe this deal marks a turning point. People online called it a long wait finally paying off.

Modi Government’s New Negotiation Style

Goyal explained how India negotiates differently today. He said India is now respected globally. Political stability matters. Economic strength matters. Leadership matters. He said earlier governments negotiated based on the present economy. That approach changed. Now India negotiates for the future. He said the world is not looking at a $4 trillion economy. It is looking at India’s $30 trillion future by 2047. This confidence attracts partners. Supporters online praised this vision. Critics asked if expectations are too high. The debate continues.

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Manufacturing and Quality in Focus

Manufacturing is a key focus of new trade deals. Goyal said the EU deal gives zero duty access to most Indian exports from day one. Labour heavy sectors benefit the most. He compared India’s exports with Bangladesh. India paid higher duties earlier. That gap is now gone. He believes exports can grow sharply. Quality will improve as demand grows. He stressed innovation and research. Startups and logistics will get support. Many industry voices welcomed this push. Some asked how fast results will show. Optimism remains strong.