India, Brazil agree to expand trade partnership; Piyush Goyal calls for stronger economic, agricultural ties (mint)
India and Brazil have agreed to expand their Preferential Trade Agreement to boost market access and strengthen their economic and strategic partnership, with both nations emphasising that their growing cooperation is based on complementarity rather than competition. Brazil’s Vice President Geraldo Alckmin highlighted that bilateral trade reached $12 billion in 2024 and projected it to surpass $20 billion by 2030, while inviting Indian investments across key sectors like renewable energy, healthcare, and digital innovation. Commerce Minister Piyush Goyal reaffirmed India’s position as the world’s fastest-growing major economy, citing its reform-driven growth and resilience, and stressed that partnerships like the one with Brazil reflect global confidence in India’s expanding trade and investment potential.
IMF chief says open trade key for India's continued economic rise (India Today)
IMF Managing Director Kristalina Georgieva cautioned that the growing use of tariffs by major economies could weaken global trade and slow the growth of emerging markets like India, which she praised for its reform-driven economic resilience and openness. She stressed that protectionism benefits only large, closed economies and urged India to stay committed to open trade, digital and infrastructure development, and strong global partnerships to sustain long-term growth. The IMF has raised India’s growth forecast to 6.6% for 2025–26, crediting the nation’s robust domestic demand, structural reforms, and continued integration with the global economy as key drivers of its strong performance.
FTAs show India a preferred destination for investment, trade: Goyal (Financial Express)
Commerce Minister Piyush Goyal highlighted that India’s growing network of free trade agreements with developed nations such as Australia, the UAE, the UK, and the EFTA bloc reflects its rising status as a preferred global hub for trade and investment. He noted that active negotiations are underway with major economies, including the US, EU, Chile, Peru, New Zealand, and Oman, with new rounds of talks scheduled in Latin America to deepen market access and boost exports. India is also exploring an expanded trade pact with South America’s MERCOSUR bloc, underscoring New Delhi’s broader strategy to diversify trade partnerships and strengthen its global economic footprint.
