Referring to agreements concluded with the European Union and the United States, the PM Modi said these partnerships had strengthened global confidence in India’s economic direction.
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While replying to the Motion of Thanks to the President’s Address in the Rajya Sabha during the Budget Session of Parliament, the PM added that the world was “openly welcoming” India’s new generation of trade deals.
“Major nations across the world are eager to build trade partnerships with India. Be it the trade agreement with the European Union or the recent trade deal with the United States…, Piyush (Goyal) ji provided detailed information on this in the House yesterday. The entire world is openly welcoming these trade deals,” the BJP supremo told the House.
He said the eagerness of major nations to partner with India reflected growing trust in the country’s policy framework and long-term economic vision. India, he added, was no longer seen merely as a large market, but as a reliable and forward-looking economic partner.
Also Read | ‘US-India trade deal in final stages’, says Jaishankar; expected to be completed ‘soon’PM Modi underlined that India has already signed trade agreements with nine major economies, including what he described as the “mother of all deals” with the 27-nation European Union bloc. These agreements, he said, were designed to be future-ready, aligned with global supply chains and emerging economic realities.
The prime minister further stressed that the biggest beneficiaries of these trade deals would be India’s youth.
“The greatest beneficiaries of this (trade deals) will be the youth of our country. And when I speak of youth, I mean young people from the middle class, from cities, and from villages, sons as well as daughters. We should take pride in the immense capability of our nation’s youth. Today, the global market has opened up for them. There are opportunities everywhere,” he said.
India recently concluded the “mother of all deals” with the European Union, granting zero-duty access to 99% of Indian exports, including textiles and gems. Simultaneously, a historic trade reset with the United States is set to slash reciprocal tariffs from 50% to 18%.