India to Become World’s Third-Largest Economy by 2027, Says Piyush Goyal

By BPN News Desk June 25, 2025

Economy National

Union Commerce and Industry Minister Piyush Goyal recently stated that India is on track to become the world’s third-largest economy by 2027, a goal driven by sweeping economic reforms, robust infrastructure investment, and enhanced global competitiveness. Speaking at an industry event, he

Trade

Sweden Advocates Swift EU‑India Free Trade Pact

By Editor - News Desk June 15, 2025

Sweden has urged the European Union and India to expedite finalisation of their long‑pending free trade agreement, highlighting the need to tackle both tariff and non‑tariff barriers. Speaking at a business summit in Stockholm on June 11, Sweden’s Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa, described current regulations on both

National

Goyal, Lutnick Accelerate India-US Trade Talks

By BPN News Desk May 20, 2025

Commerce and Industry Minister Piyush Goyal met US Secretary of Commerce Howard Lutnick in Washington, D.C., on May 19 to fast-track discussions on the long-awaited India-US Bilateral Trade Agreement. The high-level meeting comes amid a 90-day pause on additional US tariffs, with both sides pushing to conclude the first phase of the deal before the […]

International

Piyush Goyal Meets UK Leaders to Boost Trade Ties

By BPN News Desk April 29, 2025

Union Minister of Commerce and Industry Piyush Goyal held high-level meetings with British business leaders in London, reaffirming India’s commitment to expanding bilateral trade and investment with the United Kingdom. The meetings aimed to deepen commercial engagement across sectors such as fintech, manufacturing, and green technologies. Goyal highlighted India’s

Automobile Cars

India Restricts Market Access for Chinese EV Maker BYD Amid Efforts to Attract Tesla

By BPN News Desk April 8, 2025

India has decided to restrict market access for Chinese electric vehicle (EV) manufacturer BYD Co., citing strategic and security concerns. Union Commerce Minister Piyush Goyal stated that the government needs to be cautious about foreign investments, particularly from countries with which India shares land borders. He emphasized that, as of now, BYD’s entry into the

Op-Eds Opinion

Piyush Goyal’s Startup Sermon Exposes Government Hypocrisy

By BPN News Desk April 6, 2025

Commerce and Industry Minister Piyush Goyal’s recent remarks on Indian startups have managed to ruffle more feathers than a pigeon in a blender. Speaking at the Startup Mahakumbh 2025, Goyal lamented the state of India’s startup culture, accusing entrepreneurs of indulging in “dukaandari”—a not-so-subtle jab at food delivery apps and gig economy platforms that,

National

Minister Piyush Goyal Criticizes Startup Focus on Gig Economy

By BPN News Desk April 4, 2025

At the Startup Mahakumbh 2025 event in New Delhi, Commerce Minister Piyush Goyal raised concerns over the direction of India’s startup ecosystem. He questioned whether the country is satisfied with creating low-paying gig economy jobs, such as food delivery, while nations like China are aggressively advancing in deep-tech sectors. Referring to the dominance of food

Trade

India Pursues Equitable Trade Agreement with U.S., Emphasizes National Interests

By BPN News Desk March 9, 2025

India seeks a balanced trade agreement with the U.S., aiming to double bilateral trade to $500 billion by 2030, while prioritizing national economic interests amid discussions on tariff reductions and reciprocal measures.

Trade

India Considers Extending Import Restrictions on Steelmaking Raw Materials

By BPN News Desk February 26, 2025

The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a

Trade

India and U.S. Nearing Comprehensive Trade Agreement: Piyush Goyal

By Editor - News Desk February 23, 2025

Union Commerce and Industry Minister Piyush Goyal has announced that India and the United States are on the verge of finalizing a comprehensive bilateral trade agreement, which he described as the “mother of all deals.” Speaking at the Invest Kerala Global Summit (IKGS) on February 21, 2025, Goyal expressed optimism about the forthcoming negotiations with […]