India Stands Firm on Trade Talks with U.S., Says No Deals Under Pressure

by deepika lama

ANW|25•10•2025

India’s Commerce and Industry Minister, Piyush Goyal, made it clear on Friday, October 24, 2025, that India will not rush into trade agreements or make decisions under external pressure. Speaking at the Berlin Global Dialogue in Germany, Goyal emphasized that India’s trade policies are guided by national interests, trust, and long-term benefits rather than short-term deadlines or foreign influence. His remarks come as India engages in trade discussions with the United States and other regions, including the European Union (EU), while maintaining a strong stance on protecting its economic priorities.

Goyal’s comments were directed at ongoing trade talks with the U.S., where he stressed that India will not compromise its core interests to meet arbitrary timelines. “We are talking to the U.S., but we don’t do deals in a hurry,” he said. “We don’t do deals with deadlines or with a gun to our head.” This statement reflects India’s determination to negotiate trade agreements on its own terms, ensuring fairness and mutual benefit for all parties involved.

The minister’s remarks also addressed reports suggesting that the U.S. has been urging India to stop purchasing crude oil from Russia. Without directly naming any country, Goyal firmly stated that India’s economic and diplomatic decisions are driven by its national interests, not external pressures. “I do not think India has ever decided who its friends will be based on anything other than national interest,” he said. He added that India would not accept restrictions on its partnerships, whether with the EU, Kenya, or any other nation.

India is actively pursuing trade agreements with several countries and regions, including the EU, New Zealand, and the United Kingdom. Goyal highlighted that these agreements are not just about tariffs or market access but about building trust and fostering long-term relationships. “Trade deals are for a longer duration. They are not only about tariffs or access to goods and services; they are also about trust and relationships,” he explained. He emphasized that such agreements should support businesses, protect their interests, and ensure fairness for both sides.

Goyal also spoke about India’s strategic approach to trade, noting that the country is exploring new markets to counter high tariffs imposed by some nations. “We’ve accepted that there are tariffs on us, and we’re looking at how to overcome that. We’re looking at newer markets. We are looking at a stronger demand impetus within the Indian economy,” he said. This approach reflects India’s focus on self-reliance and economic growth, even in the face of global trade challenges.

India’s economy, valued at USD 4 trillion, is significantly larger when measured in purchasing power parity (PPP) terms, reaching USD 15 trillion, according to Goyal. He also highlighted India’s demographic advantage, with an average population age of 28 years, making it one of the youngest and most dynamic economies in the world. “Our young people, connected to the internet, with a billion users, are very aspirational. That aspiration is driving them to work harder, adopt new technologies, and engage with new countries,” he said.

The minister noted that India has already signed free trade agreements (FTAs) with the United Arab Emirates (UAE), Australia, and the UK. These agreements are part of India’s broader strategy to deepen economic ties and expand its global presence. Goyal’s comments underscore India’s commitment to pursuing trade deals that align with its long-term goals, rather than succumbing to external pressures or rushed timelines.

In a recent interaction with DD News, Goyal revealed that India’s Commerce Secretary had met with U.S. counterparts to advance discussions on a fair and equitable trade deal. These talks are progressing steadily, but Goyal reiterated that India will not make hasty decisions. “We never take decisions in a rush or in the heat of the moment,” he said, emphasizing the importance of careful planning and consideration in trade negotiations.

India’s trade policy, as outlined by Goyal, is rooted in self-reliance, fairness, and trust. The country is focused on building strong global partnerships while protecting its economic interests. By prioritizing long-term benefits over short-term gains, India aims to strengthen its position in the global economy and create opportunities for its businesses and citizens.

As India continues to negotiate trade agreements with major economies like the U.S. and the EU, Goyal’s remarks send a clear message: India will stand firm on its principles and make decisions that serve its people and its future. This approach not only strengthens India’s position in global trade but also sets an example for other nations navigating complex international relationships.