India now engages in trade from position of strength, says Goyal
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New Delhi: Commerceand Industry Minister Piyush Goyal said on Friday that India has undergone a significant shift in recent years and that it now negotiates from a position of strength, reflecting the country’s growing economic confidence and global stature in terms of India’s approach to Free Trade Agreements (FTAs) and other trading arrangements.
Addressing the annual conference and 105th annual general meeting of Assocham in New Delhi, Goyal said the country is now engaging primarily with nations that are not competitors to India, ensuring that trade partnerships are balanced and mutually beneficial.
The minister stated that gone are the days when India entered into imbalanced free trade agreements without recognising its own strengths.
He noted that this strategic approach allows India to safeguard its domestic industries, promote exports, and create opportunities for investment and technology collaboration, while avoiding agreements that could disproportionately benefit the other party at India’s expense.
