Union Minister Piyush Goyal in Tokyo, Japan, throughout a gathering with enterprise representatives, on August 24, 2026.
| Photograph Credit score: X/@PiyushGoyal
India is in negotiations with at the least 8 to 9 extra teams of nations and particular person nations that collectively account for one more $15 trillion of GDP, Commerce and Business Minister Piyush Goyal stated on Monday (August 24, 2026).
He added that the nation’s free commerce agreements would finally cowl about 75% of world commerce and assist place India as a trusted companion in international worth chains.
India has a big home market and it opens its doorways to the world with 9 free commerce agreements signed within the final 4 years, he stated in Tokyo, whereas addressing enterprise representatives from India and Japan.
These 9 agreements cowl economies with a mixed GDP of $60 trillion and 38 developed nations.
The sooner commerce pacts with nations, together with Japan and Korea , and the ASEAN area have opened one other $10 trillion of GDP.
“So at the moment India opens up the doorways to preferential market entry to USD 70 trillion of economic system. We’re in negotiations with at the least 8 or 9 different teams of nations or nations which can add one other $15 trillion.
“Mainly 75% of world commerce shall be lined via our free commerce agreements, opening India to develop into part of the worldwide worth chain as a trusted companion,” he stated.
Mr. Goyal is main a big enterprise delegation of over 200 representatives right here to spice up commerce and funding ties between the 2 nations. He stated that giant alternatives for investments in India are there in areas like knowledge centres, manufacturing and synthetic intelligence.
The Minister added that the growing financial ties ought to lead in the direction of balanced commerce between India and Japan.
Revealed – August 24, 2026 10:30 am IST
