Piyush Goyal promises calibrated opening of markets under US trade deal framework

New Delhi: India has agreed to a “very calibrated opening” of markets under the bilateral trade framework with the US, protecting key interests and sensitivities, commerce and industry Piyush Goyal said, while terming it as a catalyst for exports, investment and job creation.

Read more: US-India trade pact a growth engine for jobs, tech & trade: Piyush Goyal

In a wide-ranging interview, Goyal said farmers have nothing to worry about. “I’ll tell farmers that all sensitive items in agriculture have been fully protected with a very carefully crafted exclusion list, where we have given no concessions,” he said.

Goyal said the framework lays the foundation for a deeper, technology-led economic partnership that balances access with national priorities, and opens up opportunities for labour-intensive sectors and services. It enables access to advanced tech to support India’s long-term growth ambitions. He said the proposed $500-billion trade intent in the framework mirrors India’s rising demand for several inputs and that diversifying sourcing helps.