The two countries implemented the India-Australia Economic Cooperation and Trade Agreement (ECTA) in December 2022, marking the first free trade agreement between the two nations.
Piyush Goyal On War Impact: India Not Involved But Calls For Unity Amid Global Crisis
Tamil Nadu Election 2026: AIADMK General Secretary Edappadi K Palaniswami said talks with other allies were still underway and would be concluded soon, with constituency-wise allocations to follow
Speaking in the Lok Sabha, Union Minister of Commerce and Industry Piyush Goyal said India’s trade remains resilient despite global disruptions. He noted that while merchandise trade saw some pressure due to rising freight costs and challenges around the Strait of Hormuz, exports have largely remained stable till February and are expected to hold in March. He highlighted strong growth in services exports and emphasised that India’s overall trade deficit remains manageable. Goyal also pointed to rising remittances, record FDI inflows, and upcoming free trade agreements as key drivers supporting India’s robust economic fundamentals and future export growth.
US-Israel-Iran War Live Updates: Piyush Goyal said that while the Indian economy is resilient, certain economic activity might be impacted in the short run. He added that India is well-placed to deal with any energy shortage.
Iran war: The minister, speaking about the global energy crisis, dismissed concerns about India’s oil stocks. “On crude oil, on fuel, we are pretty well placed," said Goyal.
Ambassador Gor highlighted that the cooperation extends far beyond simple trade, touching the core of how both nations function in an increasingly digital and defensive landscape
A political war of words has erupted over the LPG situation as leaders from the BJP and Congress traded sharp remarks on fuel availability and rising prices. Pawan Khera alleged that commercial LPG shortages and rising prices are already affecting consumers, questioning the government’s preparedness and planning to ensure citizens do not suffer. Moreover, Commerce Minister, Piyush Goyal maintained that there is absolutely no shortage of fuel and said the government is closely monitoring the situation despite the ongoing global conflict. He added that relevant departments will continue to assess developments and update the public as needed. The exchange reflects the growing political debate around fuel supply and price pressures.
Amid rising concerns over fuel availability during the ongoing global conflict, Union Minister Piyush Goyal has reassured the public that there is absolutely no shortage of fuel in the country. Speaking about the situation, Goyal said that while a serious war is underway globally and concerns are natural, the government is closely monitoring developments. He added that the relevant departments will continue to assess the situation and provide updates from time to time. The statement comes as global energy markets remain volatile due to geopolitical tensions and supply disruptions.
The initiative, quietly rolled out on March 10, comes after months of deliberation on how to address the growing concerns of temporary residents amid global uncertainties
India will not allow any tariff concessions on sugar imports under any trade deal, Goyal confirmed
Assam Tea Workers Struggle: Rs 250 Wages, Big Promises & Votes That Can Change Power



