India's Strategic Shift: Complementing Economies through Global Trade

India is engaging in strategic trade talks focusing on partnerships with countries that complement its economy, according to Commerce Minister Piyush Goyal. At the India Global Forum, he emphasized the importance of agreements with the UK, Australia, and others, aiming to enhance economic growth and innovation without competitiveness.

India is pivoting its trade discussions towards nations where economic collaboration, rather than competition, can thrive, announced Commerce Minister Piyush Goyal at the India Global Forum.

Speaking at the UK-India Science, Technology and Innovation Collaboration session, Goyal highlighted the significance of crafted trade agreements with developed countries like the UK, Australia, and the European Free Trade Association to boost the broader global economy.

The minister argues for complementing economies over competing ones, ensuring that India's trade agreements are beneficial and enriching, laying a foundation for future investments in innovation and technology, as evidenced by recent deals and collaborations.

(With inputs from agencies.)