Goyal: New Trade Deal with US Will Open Huge Opportunities for Poor, Farmers, and Youth

Goyal said the trade deal was in the final stages

Update: 2026-02-03 18:34 GMT
In this image posted on Feb. 3, 2026, Union Minister Piyush Goyal addresses the media on the progress of the India-US trade deal, in New Delhi.(@PiyushGoyal/X via PTI

New Delhi: Union commerce minister Piyush Goyal on Tuesday said India had got a very good trade deal with the US, better than its competitors, without compromising on the interests of the agriculture and dairy sectors, while Union home minister Amit Shah described the trade deal as "historic” and said that it would elevate the strategic partnership between the two nations and pave the way for stronger trade ties and mutual growth.

Without giving details, Goyal said the trade deal was in the final stages, and an Indo-US joint statement will be issued shortly detailing the contours of the agreement.

Addressing a press conference here, the commerce minister also lashed out at the Congress and its allies for trying to “mislead” the nation on the deal. In particular, he hit out at Congress leader Rahul Gandhi, saying that he had a negative mindset and was opposed to the progress of India.

Goyal said that he wanted to speak in Parliament about the deal, but could not do so because of the ugly scenes created by Congress and other opposition parties.

He asserted that India had got a good deal because of the personal relationship between Prime Minister Narendra Modi and US President Donald Trump. He said that India-US trade deal will open huge opportunities for the poor, fishermen, farmers and youths. “This trade deal with the US is a good omen for India's bright future,” Goyal said.

Home minister Amit Shah said it would elevate the strategic partnership between the two countries and pave the way for stronger trade ties and mutual growth. In a series of posts on 'X', Shah said the deal opened "the gateway to endless opportunities for our youth, entrepreneurs, and techies".

Congratulating Prime Minister Modi and US President Trump for the "historic deal", the home minister said it would "elevate our strategic partnership and greatly benefit both nations and their people. Business between India and US is set to flourish further".

He also noted that this deal will give new strength to India's MSMEs and boost the global competitiveness of small industries, asserting that the initiative will directly benefit the country's small entrepreneurs. "Gratitude to Modi ji for this initiative that directly benefits the country's small entrepreneurs," said Mr Shah.

Praising this business pact, the BJP national president Nitin Nabin said that this would provide new momentum to the Indian economy and give new impetus to the country's goal of attaining a developed status.


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