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Jaishankar Says US Trade Deal Can Boost Economy and Rejects Blaming Washington for Global Woes
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Moneycontrol•05-10-2026, 18:46
Jaishankar Says US Trade Deal Can Boost Economy and Rejects Blaming Washington for Global Woes
- •External Affairs Minister S. Jaishankar stated that a proposed trade deal with the US can significantly boost India's economy by expanding market access.
- •Speaking at the Kautilya Economic Conclave, Jaishankar cautioned against blaming the US for all global trade problems, urging an objective assessment of market distortions.
- •He described ongoing trade negotiations with the US as a big step with great possibilities, alongside recently concluded pacts with the EU, UK, and EFTA.
- •Finance Minister Nirmala Sitharaman noted that India-US trade talks had reached a plateau, though negotiations remain ongoing.
- •Jaishankar highlighted India's multi-alignment strategy, emphasizing that the US is a critical economic and strategic partner while maintaining ties with other global powers.
Key Questions Answered
External Affairs Minister S. Jaishankar stated that the US cannot be blamed for all global trade problems, arguing that various market distortions in the international trading system stem from other sources and require an objective assessment.
Jaishankar highlighted that India has recently concluded trade agreements with the European Union, the United Kingdom, and the European Free Trade Association (EFTA), describing them as major steps with great potential to benefit the economy.
Finance Minister Nirmala Sitharaman noted that India-US trade negotiations had reached a plateau, making further give-and-take very difficult, though she emphasized that discussions were still ongoing and space for maneuvering remained.
