India will not ‘bow down', trade minister says after US tariffs
AFP | New Delhi
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India will not "bow down" and instead focus on capturing new markets, trade minister Piyush Goyal said in his first public remarks since Washington imposed steep tariffs on Indian goods.
The 50% levies on many Indian imports into the United States took effect this week as punishment for New Delhi's massive purchases of Russian oil, part of US efforts to pressure Moscow into ending its war in Ukraine.
Speaking at a construction industry event in New Delhi on Friday, Goyal said India was "always ready if anyone wants to have a free trade agreement with us". But, he added, India "will neither bow down nor ever appear weak".
"We will continue to move together and capture new markets."
Exporters of textiles, seafood and jewelry have already reported cancelled US orders and losses to rivals such as Bangladesh and Vietnam, raising fears of heavy job cuts.
Goyal said the government would be coming out with several measures in the coming days to support every sector and boost exports.
"I can say with confidence that India's exports this year will exceed 2024-25 numbers," he said.
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