India–US Partnership Strong, Stable and Expanding Across Key Sectors:

Union Minister of Commerce and Industry Piyush Goyal said that India-US partnership is strong, stable and expanding across strategic and economic sectors. Addressing the Indo American Chamber of Commerce in New Delhi on Tuesday, the Minister asserted that there is no cause for concern regarding the bilateral relationship and reiterated that the friendship between the two nations stands on firm pillars of democracy, diversity and a shared developmental vision. Mr Goyal added that negotiations are a continuous process and India must safeguard its interests while balancing the sensitivities of farmers, fishermen, small industries and businesses. Mr Goyal highlighted India has moved from being among the Fragile Five to becoming one of the top five global economies in the last decade. He further mentioned that India is on track to become the world’s third-largest economy by 2027. The Ministry of Commerce and Industry said that the Indian stock market has grown nearly four-and-a-half times in the last 11 years, with more than 2 thousand Global Capability Centres, many from the United States operating in India and leveraging Indian talent.