On this news report, Union Commerce Minister Piyush Goyal addresses the Lok Sabha regarding the landmark India-US trade deal amidst intense sloganeering by opposition members. Piyush Goyal stated that ‘this deal has been struck in a manner that it will serve the interest of 140 crore Indians’, specifically highlighting that sensitive agriculture and dairy sectors have been protected. The Minister emphasised that the agreement will provide a significant boost to MSMEs, skilled workers, and the ‘Make in India’ initiative. Despite the disruptions from opposition MPs, including Rahul Gandhi, Goyal clarified that the deal followed multiple rounds of negotiations to ensure national interests were not compromised. The report also notes opposition concerns regarding reciprocal tariffs and potential shifts in oil procurement from Russia to Venezuela. The Minister maintained that the deal is a crucial step toward the vision of a ‘Viksit Bharat’ by 2047, facilitating better access to advanced technologies and global markets for Indian traders.
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