Private sector needs to step up with govt having done most of heavy lifting: ASSOCHAM Chief Sanjay Nayar

The recently signed India-UK FTA is a golden opportunity from India’s perspective, Sanjay Nayar, President of ASSOCHAM and Founder-Chairman of Sorin Investment Fund said, asserting that the private sector has to really now step up with the government having done most of the heavy lifting.

The Finance Ministry expresses worry about United States tariff policies. These policies might hurt India’s trade in the future. The US economy saw a contraction. This raises concerns about global demand. Indian exports could face challenges. Slow credit growth and weak investment may also limit India’s economic growth. Uncertainty about US tariffs could impact India’s […]

In the next 20 days, the government will conduct approximately 1,000 outreach programs nationwide to educate industry and states about the India-UK Comprehensive Economic and Trade Agreement (CETA), signed on July 24. This initiative aims to ensure the agreement’s effective implementation and maximize its advantages, with sector-specific programs and state visits planned.

India is being careful in trade discussions with the United States. This follows issues in America’s recent agreement with Japan. Challenges also persist in deals announced with Indonesia and Vietnam. Piyush Goyal mentioned advanced negotiations with the US and Oman. A US team will visit India in August for further talks. India prioritizes national interest […]

The UK and India’s Comprehensive Economic and Trade Agreement (CETA), signed on July 24, will allow UK companies to offer services like telecom and construction in India without needing a local presence. British firms will receive the same treatment as Indian companies. India’s services exports to the UK are USD 19.8 billion, while imports are […]

India and the US are in trade talks. Piyush Goyal says India wants a fair deal. The goal is a trade agreement by October-November 2025. American negotiators will visit India in August. India recently signed a trade agreement with the UK. Goyal criticized past trade policies. India is also working on deals with other countries.

India is advised to exercise caution in its trade negotiations with the US, learning from the experiences of Vietnam and Japan. GTRI emphasizes the importance of a jointly issued written statement to avoid misinterpretations of the final agreement terms. A recent discrepancy between President Trump’s claims and Japan’s official summary of a trade deal highlights […]

Prime Minister Modi hailed the India-UK FTA as a historic pact, showcasing global trust in India and boosting the vision of a developed nation. He inaugurated and laid foundation stones for projects worth Rs 4,900 crore in Tamil Nadu, emphasizing the NDA government’s commitment to the state’s growth through infrastructure and energy development.

Commerce and Industry Minister Piyush Goyal hailed the UK trade agreement as a “gold standard” for future pacts, emphasising India’s protection of sensitive sectors like dairy and agriculture. Negotiations with the US are progressing rapidly, with India prioritising labor-intensive exports and safeguarding its interests. Goyal contrasted this approach with previous agreements, highlighting the focus on […]

Piyush Goyal stated that India will respond if the UK’s future carbon tax harms Indian exports. The UK plans to implement its Carbon Border Adjustment Mechanism in 2027. Goyal assured that any unilateral measure hurting India will face a proportionate response. India raised the issue during trade agreement negotiations.