New Delhi:
Union Commerce and Industry Minister Piyush Goyal said on Monday that India is ready to convert the current market fluctuations into an opportunity, against the background of mutual rates imposed by the US.
In his speech on the ‘India Global Forum’ here the minister said that Indian industries should keep nationalism in the core of their work and try to try the current series of challenges to “chance”.
“Unless we bring in the balance between fair values, we will see that the world has more instability,” he said.
On the Chinese growth tongue, Mr. Goyal said that the basis of China’s growth was fed by unfair commercial practices.
“The focus is to reduce fair play, prices of goods and services at a fair value. Unless we bring this balance, the world will be more turbulence,” he added.
Prime Minister Narendra Modi and US President Donald Trump are “very good friends,” said the minister, who emphasizes the early conclusion of the bilateral trade agreement of the US India (BTA).
In the meantime, India and the US said on Monday that they both wanted an “early conclusion” of a bilateral trade agreement.
The two countries have accelerated discussions about the agreement in the run -up to and follow the announcement of US President Donald Trump of a mutual rate of 26 percent on goods from India, together with a broader levy of different degrees that almost all American trading practitioners covered.
“Perspectives exchanged on the Indo-Pacific, the Indian subcontinent, Europe, Middle East/West Asia and the Caribbean,” wrote Foreign Minister (EAM) S. Jaishankar in a position on X after a phone call with his American counterpart, State Secretary Marco Rubio.
“Agreed on the importance of the early conclusion of the bilateral trade agreement,” he went to write in the post and added: “I look forward to keeping in touch”.
On 2 April, Trump imposed a rate of 27 percent on Indian input.
(Except for the headline, this story was not edited by NDTV staff and has been published from a syndicated feed.)
