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India’s trade negotiations approach reflects shifting economic position: Goyal
Sep-25-2026

Highlighting India’s expanding engagement with the global economy and its efforts to strengthen participation in global value chains and supply chains, Union Minister of Commerce and Industry Piyush Goyal has said that India is negotiating trade and economic partnerships from the position of an economy that is expected to grow into a $30 trillion economy.

The Minister further said that India today negotiates with the world as a $4 trillion economy, while its economy on a purchasing power parity basis is around $20 trillion, making it the third largest in the world. He said the gap between these measures would narrow as India progresses towards the vision of becoming a $30 trillion economy. 

He also noted that India’s approach to trade negotiations reflects the country’s changing economic position and its objective of strengthening integration with global markets. He highlighted the potential for broader economic partnerships to facilitate seamless flows of goods, services, tourists, educational institutions and sports.

Goyal also highlighted India’s ongoing trade negotiations with Canada, Chile, Peru, the Southern African Customs Union (SACU), Mexico, Maldives, Eurasia, Central Asia, Russia, the Gulf Cooperation Council (GCC) and Israel. He said these engagements are aimed at expanding opportunities for India to participate in global value chains and supply chains and facilitating the movement of goods and services.


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