India News : Union Minister of Commerce and Industry, Piyush Goyal, expressed strong confidence in India’s economic resilience at a recent event. Highlighting the evolving nature of global trade routes and partnerships, Goyal stated that India is fully prepared to seize emerging opportunities in the shifting global landscape.
Speaking on the dynamic nature of international trade, the minister emphasized that the world is constantly changing, and trade is seeking new directions. He asserted that India will emerge as a winner in this transformation.
Responding to Donald Trump’s remark labeling India as a “dead economy,” Goyal took a subtle dig, saying, “Those who understand, understand. Those who don’t, are simply ignorant.” He stressed India’s strong economic foundation, pointing out that the world recognizes India as one of the fastest-growing major economies.
Goyal highlighted India’s strengths, particularly its demographic dividend and the growing aspirations of 1.4 billion Indians, which together make India a powerful consumer market. He questioned rhetorically, “Why do you think countries are lining up to trade with us or gain better access to our markets?” This, he said, reflects India’s rising appeal as a global trade and investment partner.
Trump’s proposed 50% tariffs have raised concerns among Indian exporters in sectors like textiles, pharmaceuticals, and electronics, which rely heavily on access to the US market.
However, Goyal downplayed the threat, describing the current global economic scenario as a natural churn, where some nations rise while others fall behind. He firmly declared, “This is India’s time,” emphasizing that the country is being viewed as a major emerging player in global markets.
The minister projected that in the financial year 2025–26, India’s exports will surpass last year’s record of $825 billion, which included $437 billion in merchandise exports—figures that remained steady despite global uncertainties.
When asked specifically about the impact of Trump’s proposed tariffs, Goyal remained calm and assertive:
“India finds opportunity in crisis. The nation’s morale is high, and our economy is extremely strong.”
