No steps taken in India-US trade deal that harm farmers: Goyal
In a recent statement, Commerce Minister Piyush Goyal has reassured the nation that the India-US trade deal has been negotiated in a way that protects the interests of Indian farmers. According to Goyal, the agreement does not harm the country’s agricultural sector, but rather provides new opportunities for farmers to export their products to the United States.
Goyal’s statement comes as a response to concerns raised by some sections of the Indian society, who fear that the trade deal may have a negative impact on the country’s farmers. However, the Commerce Minister has categorically denied these claims, stating that the agreement has been carefully crafted to ensure that the interests of Indian farmers are safeguarded.
On the contrary, Goyal has pointed out that the trade deal will actually benefit Indian farmers, as many agricultural products will be exported to the US at zero duty. This move is expected to boost India’s agricultural exports and provide a significant fillip to the country’s economy.
Goyal also took a swipe at those who have been criticizing the trade deal, saying that some people in India “who’re against the interests of the farmers” are surprised by the deal. He implied that these critics are motivated by vested interests and are not genuinely concerned about the welfare of Indian farmers.
The India-US trade deal has been in the works for several months, with both countries engaging in intense negotiations to iron out their differences. The agreement is expected to be a major boost to bilateral trade between the two nations, with India seeking to increase its exports to the US and the US looking to expand its market share in India.
One of the key areas of focus in the trade deal has been agriculture, with India seeking to gain greater access to the US market for its farm products. The US has been a major market for Indian agricultural exports, with products such as basmati rice, spices, and textiles being in high demand.
However, the US has also been seeking to increase its agricultural exports to India, particularly in areas such as dairy products, poultry, and pork. India has been cautious about allowing greater access to its market, given the sensitivity of the agricultural sector and the potential impact on domestic farmers.
Despite these challenges, Goyal’s statement suggests that the Indian government has been able to negotiate a deal that balances the interests of both countries. By allowing Indian farmers to export their products to the US at zero duty, the government is seeking to provide a major boost to the agricultural sector and increase the country’s exports.
The trade deal is also expected to have a positive impact on the Indian economy, which has been facing significant challenges in recent months. The country’s economic growth has slowed down, and the government has been seeking to take measures to boost exports and stimulate economic activity.
In this context, the India-US trade deal is seen as a major opportunity for India to increase its exports and expand its market share in the US. The agreement is expected to provide a significant fillip to the country’s economy, and help to create new jobs and opportunities for Indian businesses.
Overall, Goyal’s statement suggests that the Indian government has taken a careful and considered approach to negotiating the trade deal with the US. By protecting the interests of Indian farmers and providing new opportunities for agricultural exports, the government is seeking to balance the needs of different sectors and promote the country’s economic growth.
As the trade deal is implemented, it will be important to monitor its impact on the Indian economy and the agricultural sector. However, based on Goyal’s statement, it appears that the government has taken a significant step forward in promoting India’s exports and expanding its market share in the US.
News Source: https://x.com/ANI/status/2020058239543701827
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