Out of al the geopolitical shifts, India will come out in better conditions. The reason is the pragmatism with which we are approaching this. We are looking by seeing what is good for the country,” said Ashwini Vaishnaw.
“In the first 60 years of independence we did about 20,000 kms of railway tracks and in the last 10 years we have done 45,000 kms. In the last 11 years, we have constructed 34,000km of new railway tracks. That’s more than the entire network of Germany. That’s the pace at which we are working,” added Vaishnaw during the fireside chat.
After a meeting between Trump and Indian Prime Minister Narendra Modi last month, the two countries agreed to resolve tariff rows and work on the first segment of a deal by the fall of 2025, aiming for bilateral trade worth $500 billion by 2030.
Indian Trade Minister Piyush Goyal has been on a nearly week-long trip to the United States and on Tuesday met Lutnick to pursue trade talks.
“Maybe certain products have quotas. Maybe certain products have limits…And then we do the same thing on the other side and craft an agreement that makes sense for both of us,” Lutnick said.”The Indian agriculture market has to open up. It can’t just stay closed,” he added. Referring to India’s high tariffs, Lutnick called them among the steepest globally.Washington wants India to bring tariffs down to zero or negligible in most sectors, except agriculture, under the bilateral trade deal, Reuters has reported.
(more to come)
