“India is negotiating the position of power, we are confident

India is scheduled to achieve record export numbers in 2025, as expectations indicate that exports may exceed $ 870 billion, according to the Minister of Trade and Industry. This represents an increase of 825 billion dollars registered in 2024-25. Despite the challenge of the global economic environment, India benefits from new free trade agreements and the high investments to enhance the performance of its export.

“Today, India is negotiating the position of power. We are confident of ourselves, we can compete with anyone in the world,” said Joyal, who is considering improving the country’s position in international trade. The minister highlighted that the current approach to India contrasts with the previous departments, which he described as weaker negotiations. “This is not the weak India in the reign of Congress Wuba, which would negotiate and provide agreements that were not in our national interests,” Joyal stressed.

The Minister detailed many strategies aimed at enhancing the quality and exports of the nation. “Technical regulations have been strengthened to enhance a strong quality environmental system in India … It is a push for the production of high -quality products in India,” Joyl said in an interview with the Times of India. These measures are part of the broader efforts to reduce imported imports and encourage local high -quality local production.

Despite the signs of global economic slowdown, Goyal is still optimistic about growth prospects in India. He added: “You may see a jump in growth in the second half of the year. I do not see any difficulty in closing the year with the growth of RBI by 6.5 %, which will make us the fastest growth economy,” noting the positive trends in rural demand and private sector investment.

During the approval of issues related to previous commercial agreements, Joyal noted that “the services export to Japan slowed down. We did not get very wide coverage in the areas of interest in India.” The minister pointed to continuous reviews with ASEAN and South Korea, although he noticed that “Japan did not agree on it and review South Korea ongoing.”

India continues to deal with trade relations with China with caution, especially after the completion of the comprehensive regional economic partnership. Joyal described the agreement as “nothing but the free trade agreement between India and China”, a relationship that India is carefully keen.

He praised the leadership of Prime Minister Modi, saying: “Prime Minister Moody showed decisive leadership and sensitivities for our fishermen, farmers, industry and businessmen.”

The trade deficit with China is still a concern, but Joyal noticed that he was “more controlled under Modi’s government.” He pointed out that “during the ten years of UPA rule, the trade deficit with China grew nearly 25 times. Between 2014-15 and 2023-124, only 1.75 times expanded,” indicating a more balanced trade relationship. “There is also a similar increase in exports,” he added.

India has emerged as a major destination for global investments, with Guyal asserting that “India is a largely required destination for investments.”

He also highlighted that “adding the local value increased significantly in the PLI sectors”, and pointed to developments in special economic areas as evidence of industrial growth in India. “Dholera appears as a semiconductor axis, while shendra-Bidkin in Maharashtra is growing in a car and EV center,” he pointed out, showing the dilated industrial capabilities in the country.