How much will India-US trade grow by 2030? Union Minister Piyush Goyal replied -EnglishHindiBlogs-Business

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Hindustan Times Leadership Summit 2022: Union Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India-US bilateral trade in goods and services could reach $600 billion by 2030. It is known that at present the bilateral trade between India and America is close to $175 billion. Minister Goyal has said these things in the Hindustan Times Leadership Summit-2022.

India will become a superpower
Minister Piyush Goyal said that the world has recognized the growing power of India. In the coming times, our country will be a superpower. India is going to become a global superpower in the next 25 years. India’s place in the world is quite spectacular. It has not only changed the lives of many Indians, but has also contributed to the economic development of the world. During this, he talked about the positive image of India among the top countries of the world. He said that in today’s world, whether it is political or business world, people are seeing that India has moved ahead.

what will india get
On being a part of the trade pillar of the 14-member Indo-Pacific Framework for Economic Prosperity (IPEF-IPEF), Minister Goyal said that it will depend on what India will get in return. Under IPEF, 13 member countries are together on all 4 subjects like trade, supply chain, clean economy and fair economy. But India has so far opted to stay out of the trade pillar and is included in this group on other 3 subjects.

India-US relations strengthened
Goyal said in this program that, “India-US relations are constantly improving and getting stronger. Today we have bilateral trade of about $175 billion. I believe that in the coming 7-8 years it will be $ 500 to 600 billion. While our exports of goods and services will be worth two thousand billion dollars. That America is seeing India as its friend and trusted partner.

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