Piyush Goyal’s Critique: UPA’s China Focus Cost India EU Trade Opportunities and Economic Growth – Times Now Exclusive | Economy

However, Goyal was scathing in his assessment of the UPA’s tenure from 2004 to 2014, blaming it for a staggering escalation in India’s trade deficit with China. “Between 2004 and 2014, the 10 years of the UPA government, India’s trade deficit with China grew by 28 times—a 2,800% increase in a decade. A 28-fold rise is unheard of globally; we have never seen anything like this,” he said during the interview. This surge, according to Goyal, reflected a policy tilt toward China that undermined Indian industries by allowing unfair imports and stifling domestic growth.