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India engages in trade from position of strength: Commerce Minister
Oct-20-2025

Union Minister of Commerce and Industry Piyush Goyal  has said that India has undergone a significant shift in recent years and that it now negotiates from a position of strength, reflecting the country’s growing economic confidence and global stature in terms of India’s approach to Free Trade Agreements and other trading arrangements. He said that the country is now engaging primarily with nations that are not competitors to India, ensuring that trade partnerships are balanced and mutually beneficial.

He noted that this strategic approach allows India to safeguard its domestic industries, promote exports, and create opportunities for investment and technology collaboration, while avoiding agreements that could disproportionately benefit the other party at India’s expense. The Minister also said that the world today recognises India as an important trading partner and a trusted country to work with. He observed that the days when India used to negotiate trade agreements from a position of weakness are over, and that the Indian passport now commands respect and value across the world. 

Goyal pointed out that while the world is facing challenging global times, India continues to demonstrate resilience and remains the fastest-growing economy. He referred to the recent IMF projection that raised India’s growth forecast from 6.4 to 6.6 percent and also mentioned that retail inflation in September had been the lowest in eight years at 1.54 percent. The Minister stated that gone are the days when India entered into imbalanced free trade agreements without recognising its own strengths. 

Commerce Minister further said that the Indian economy has been systematically prepared to address present and future challenges, guided by a clear vision and a strong commitment to the nation-first philosophy. He recalled the five principles, the Panch Pran, articulated by the Prime Minister on August 15, 2022, which he said encapsulate the pathway towards making India a developed nation by 2047. Besides, he said that the government has worked to make India an attractive destination for business through ease of doing business measures, decriminalisation of laws and simplification of processes and compliance.

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