India to emerge as major exporter to China, ASEAN, get edge in US trade pact, says Piyush Goyal
Economic Times 56 min ago·27 Oct 2026, 5:48 pm
Commerce and Industry Minister Piyush Goyal has outlined a strategy to boost India's global trade position. The government is actively working to expand export opportunities to key markets like China and ASEAN nations. Simultaneously, negotiations for a potential trade agreement with the United States are underway, which could give Indian goods a competitive edge in that market.
This policy shift is significant for the broader market as it aims to diversify India's export basket beyond traditional partners. Strengthening ties with major economies like the US and the EU is expected to enhance the country's standing in global trade networks. For investors, this signals a move towards greater economic integration and potential growth in export-oriented sectors.
Investors should monitor the progress of these bilateral talks and the eventual signing of any new trade pacts. The success of these agreements will determine if India can capitalize on these opportunities to drive long-term economic growth and improve its trade balance.
Excerpt from Economic Times
Commerce and Industry Minister Piyush Goyal highlighted India's potential to expand exports to China and ASEAN. Negotiations are underway for a trade pact with the United States that could provide India a comparative advantage. The country is also working towards an Investment Protection Agreement with the European…Read the original at Economic Times
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