New Delhi, Nov 18 (NationPress) The partnership between India and the United States is characterized by its strength and stability, and it is consistently broadening its scope across various strategic and economic sectors, according to Minister of Commerce and Industry, Piyush Goyal. On Tuesday, during an event organized by the Indo-American Chamber of Commerce, the minister assured that there is no need for worry regarding the bilateral ties, emphasizing that the camaraderie between the two nations is built upon solid foundations of democracy, diversity, and a shared vision for development.

Goyal pointed out that the US recognizes India as a reliable partner, with both nations dedicated to enhancing trade and commercial relations. He acknowledged that a comprehensive partnership like that of India and the US includes multiple components, each evolving at its own pace.

The minister conveyed that negotiations are an ongoing endeavor, highlighting the necessity for India to protect its interests while considering the sensitivities of farmers, fishermen, small industries, and businesses.

According to Goyal, India has transitioned from being labeled as one of the 'Fragile Five' to now being recognized as one of the top five global economies over the past decade. He predicted that India is set to become the world's third-largest economy by 2027, attributing this growth to strong banking systems, low inflation, managed fiscal deficits, rising consumer sentiment, and infrastructure development fueled by GST reforms.

Referencing Prime Minister Narendra Modi's vision, the minister reiterated that India is not just an emerging market but a model for development. He outlined the foundational elements driving India towards 'Amrit Bharat 2047': robust macroeconomic fundamentals, inclusive and sustainable growth, a welfare-focused development model that encompasses 1.4 billion citizens, the strength of a vibrant democracy, and the potential of a demographic dividend led by a skilled youth.

India produces 2.4 million STEM graduates annually and continues to strengthen ties with developed nations through Free Trade Agreements (FTAs), whether concluded or in the negotiation stage.

Goyal concluded by stating that India is an aspirational nation where every child has access to essential needs such as food, clothing, housing, healthcare, education, electricity, clean water, and digital connectivity—challenges that were prevalent in previous decades.