India-US trade deal at risk, Nirmala Sitharaman makes a major statement | Capital TV
India and the United States are facing significant hurdles in finalizing a long-awaited bilateral trade agreement. Key Indian ministers, including Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and External Affairs Minister S. Jaishankar, have asserted that New Delhi will not compromise on its core economic interests, domestic farmers, small producers, or national security. The negotiations have stalled as Washington continues to press for greater market access, changes in investment rules, and reassessments of India's Russian energy purchases, alongside tariff disputes. Indian leadership has maintained a firm stance that the trade pact cannot be rushed or signed under external pressure. Instead, New Delhi insists on negotiating strictly on equal terms, ensuring that the country's competitive tariff advantages and domestic livelihoods are fully protected before any major economic partnership moves forward.
India-US trade relations are facing a major turning point as negotiations over a long-awaited trade deal remain stuck on key issues. India has made it clear that it will not compromise on its economic interests, competitive tariff advantage, farmers, small producers, market access, or national security concerns. From Piyush Goyal and S. Jaishankar to Nirmala Sitharaman, India's ministers have emphasized that the deal cannot be rushed or signed under pressure. Meanwhile, the United States continues to push its concerns over tariffs, investment rules, Russian energy purchases and market access. Is Washington now realizing that New Delhi will negotiate only on equal terms?
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