{"id":9109,"date":"2025-08-30T13:16:06","date_gmt":"2025-08-30T13:16:06","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/08\/30\/we-shine-out-piyush-goyal-says-india-committed-to-economic-growth-amid-trump-tariffs-business-news\/"},"modified":"2025-08-30T13:16:06","modified_gmt":"2025-08-30T13:16:06","slug":"we-shine-out-piyush-goyal-says-india-committed-to-economic-growth-amid-trump-tariffs-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/30\/we-shine-out-piyush-goyal-says-india-committed-to-economic-growth-amid-trump-tariffs-business-news\/","title":{"rendered":"‘We Shine Out’: Piyush Goyal Says India Committed To Economic Growth Amid Trump Tariffs | Business News"},"content":{"rendered":"


\n<\/p>\n

\n

Last Updated:<\/span>

Commerce Minister Piyush Goyal had reaffirmed that India is open to trade talks with the United States but will never succumb to pressure amid a tariff hike.<\/h2>\n
\n
\n
\n
\n
\"font\"<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\"Union<\/p>\n

Union Minister Piyush Goyal. (File Photo: PTI)<\/p>\n<\/figure>\n

Union Commerce Minister Piyush Goyal on Saturday assured that the Indian government is committed towards sustainable economic growth, after India\u2019s GDP grew at 7.8%<\/a> in the first quarter ending on June 30, 2025, as per official data.<\/p>\n

\u201cWe are committed to working with all of you, and we would like to ensure that this GDP growth of 7.8% is sustainable,” he was quoted as saying by NDTV<\/em> at an event organised by the Confederation of Indian Industry in Mumbai.<\/p>\n

\u201cIt can happen, as in adversity, we Indians shine out. We all have the ability to put that little extra,” Goyal said. His remarks came after US President Donald Trump imposed 50% tariffs on Indian imports as a penalty for purchasing Russian oil, impacting key trade sectors such as textiles and shrimp.<\/p>\n

India has condemned the tariffs as \u201cunfair and unreasonable”, citing the US and Europe\u2019s own imports from Russia. The Finance Ministry has said that the immediate impact of recent US tariffs on Indian exports may appear limited but their secondary and tertiary effects on the economy pose challenges that must be addressed.<\/p>\n

\u2018India Will Never Back Down\u2019<\/strong><\/h2>\n

On Friday, Goyal said India was open to trade talks with the US, but would never succumb to pressure or appear weak<\/a> in the face of punitive tariffs. \u201cWe are always ready if anyone wants to have a free trade agreement with us,” he said at the curtain raiser event of Bharat Buildcon in Delhi.<\/p>\n

\u201cHowever, any form of discrimination affects the self-respect of India\u2019s 140 crore Indians, and we will neither bow down nor ever appear weak. We will continue to move together and capture new markets,” he added.<\/p>\n

Goyal also expressed confidence that the recent trade agreements with various countries will help the Indian economy to grow. He also assured that the government will soon introduce various measures to expand the domestic outreach and boost exports.<\/p>\n

He also said there was \u201cno need to fear”, citing India\u2019s management of nuclear sanctions and the Covid-19 pandemic. \u201cThe government is committed to make sure that all of you do not face any stress or difficulties in managing the current situation emanating from some unilateral actions,” he said.<\/p>\n

\n
\n
<\/p>\n
\"authorimg\"<\/figure>\n

<\/span><\/p>\n

Aveek Banerjee<\/a><\/p>\n

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> ‘We Shine Out’: Piyush Goyal Says India Committed To Economic Growth Amid Trump Tariffs<\/span><\/div>\n
\n
\n
Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n

Read More<\/span><\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Updated:August 30, 2025, 18:07 IST Commerce Minister Piyush Goyal had reaffirmed that India is open to trade talks with the United States but will never succumb to pressure amid a tariff hike. Union Minister Piyush Goyal. (File Photo: PTI) Union Commerce Minister Piyush Goyal on Saturday assured that the Indian government is committed towards…<\/p>\n","protected":false},"author":1,"featured_media":8793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-9109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/9109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=9109"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/9109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/8793"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=9109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=9109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=9109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}