Commerce and Industry Minister Piyush Goyal said that while progress on the long-discussed India–US trade agreement is finally gathering momentum, the government
will endorse only a pact that aligns with India’s strategic interests. Speaking at the Indo-US Economic Summit hosted by the Indo-American Chamber of Commerce in New Delhi on Tuesday, he stressed that negotiations will not be rushed. Goyal noted that discussions with Washington are heading in a constructive direction but reiterated that India will wait until all aspects reflect fairness and mutual advantage. “You will hear good news once the deal becomes fair, equitable, and balanced,” he said, underlining that the government does not intend to compromise on critical priorities. Domestic Interests At The Heart Of India’s Stance The minister stressed that India’s negotiating approach is anchored in protecting sectors that could be vulnerable to sudden trade shifts. “Negotiation for a trade agreement is a process, and India as a nation has to see the interests of farmers, fishermen and small industry,” he said. His comments highlight that market access and tariff discussions must account for the realities of India’s domestic economy rather than merely geopolitical alignment. Key Issues Still On The Table While both countries have held six negotiation rounds since March and have signalled meaningful progress, several areas require deeper convergence. Sensitive issues such as agricultural protections, tariff design, digital commerce regulations and broader market access continue to need additional work. These unresolved areas highlight why New Delhi is keen to proceed carefully rather than fast-track an agreement. Renewed Push After WTO Dispute Resolutions The renewed momentum comes after India and the US recently resolved several outstanding disputes at the World Trade Organisation, an important step that has helped revive optimism. Businesses on both sides hope a successful trade deal could reduce uncertainties for exporters, ease tariff barriers and open more avenues for investment. Meanwhile, in August, the US imposed 50 per cent tariffs on Indian goods, implementing the measure in two phases of 25 per cent each. US President Donald Trump said that the decision is a response to India’s continued purchases of Russian oil.
