Indian Trade Minister Piyush Goyal Says Government Will Negotiate Trade Deals from Position of Strength

India's Trade Strategy Yields Results

Commerce and Industry Minister Piyush Goyal outlined India's trade strategy at the News18 Rising Bharat Summit 2026, emphasizing the country's approach to negotiate trade agreements from a position of strength. Since 2021-22, the government has focused on building leverage by expanding partnerships and strengthening domestic sectors before closing major trade deals.

As part of this strategy, India has engaged with 38 well-developed economies, creating "robust win-win situations" with trading partners. This calibrated effort aims to deepen international trade ties while protecting India's core interests. The government has also safeguarded vulnerable domestic constituencies, including MSMEs, fishermen, and farmers.

India's trade footprint has expanded significantly, with the country positioning itself as a voice of the global south in trade diplomacy. The country's trade diplomacy is part of a broader geopolitical narrative, reflecting India's emergence as a key player in global trade.

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Discussions on the proposed India-US trade deal are ongoing, with Goyal indicating that India will wait and watch before proceeding. The government will ensure its interests are protected, signaling caution rather than haste. No timeline has been indicated for the deal.