• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

US Tariff Hike Won’t Have Significant Impact On India’s GDP: Piyush Goyal

OMMCOM NEWS by OMMCOM NEWS
September 9, 2025
in Nation

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said that the US tariff hike will not have a significant impact on India’s GDP as the country is not dependent on exports for its growth.

In his address at the NDTV Profit conclave here, Goyal said that India has a large domestic market and is import-dependent. Additionally, India’s GDP is not dependent on exports.

However, the minister said that the textile sector might see a significant impact of US tariffs. “There are two or three sectors that will face significant US tariffs, and textiles is one such sector,” he pointed out.

Goyal further stated that the GST rate cut will boost disposable income, which will increase demand in the economy and spur growth. He further added that Prime Minister Narendra Modi has strengthened the nation’s economy with well-planned efforts in the last 11 years.

The minister said that it is not US President Donald Trump that is keeping him awake, but PM Modi’s resolve to work for the people that is keeping him up at night.

At the same time, Goyal said that the US and India are two important nations and good friends. “All good things take time,” he remarked in reference to the India-US bilateral trade talks.

Goyal’s comment comes against the backdrop of the recent conciliatory statement issued by US President Trump after the SCO meeting in Beijing attended by PM Modi.

“I will always be friends with Modi, he is a great Prime Minister. India and the United States have a special relationship. There is nothing to worry about,” Trump stated.

To this, Prime Minister Modi replied: “I deeply appreciate and fully reciprocate President Trump’s sentiments and positive assessment of India-US ties.”

“India and the US have a very positive and forward-looking Comprehensive and Global Strategic Partnership”, he posted on X.

(IANS)

Tags: Piyush Goyal
ShareTweetSendSharePinShareSend
Previous Post

India Remains Beacon Of Inclusiveness And Only True Democratic Experiment In South Asia : Report

Next Post

President Murmu, PM Modi And Top Leaders Congratulate Radhakrishnan On Being Elected VP

Related Posts

Nation

Delhi Police Detain Two Women Associates Of ‘Swami’ Chaitanyanand

September 30, 2025
Nation

May This Sacred Occasion Bring Happiness, Peace: Prez Murmu, PM Modi Extend Wishes On Maha Ashtami

September 30, 2025
GDP
Business

Asian Development Bank Forecasts India’s Growth At 6.5 Pc For 2025 And 2026

September 30, 2025
TRUMP
Nation

Viable Pathway To Long-Term, Sustainable Peace: PM Modi Welcomes Trump’s Gaza Plan

September 30, 2025
Nation

TN Youtuber Felix Gerald Arrested Over Karur Stampede Remarks

September 30, 2025
Nation

‘Outstanding Leader’, PM Modi Expresses Grief Over Demise Of Vijay Kumar Malhotra

September 30, 2025
Next Post

President Murmu, PM Modi And Top Leaders Congratulate Radhakrishnan On Being Elected VP

CM Majhi Congratulates Vice President-Elect C.P. Radhakrishnan

PM Modi’s Flood Relief Package Less Than 8 Pc Of Loss, Says Punjab Congress

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.