At €310 billion, Union minister Piyush Goyal eyes 10x rise in Indo-German trade
Reported by Times of India Business, not nibnow. We are not the publisher of this story, only the source is.
Union Minister Piyush Goyal’s goal of boosting Indo‑German trade from €31.5 billion to €310 billion could dramatically expand market opportunities for businesses in both countries, affecting jobs and growth.
At the inauguration of the India Centre and Indo-German Business Forum in Berlin, Goyal said the FTA could be signed by Dec and implemented within four to five months. “We had 31.5 billion euros (in 2025) and (if) we were to be able to add a zero to that, make it 310 billion euros. How would that sound? Now, we can certainly make that happen,” he said, emphasising the need to draw up concrete plans to realise the ambition.
India and Germany are negotiating a free‑trade agreement that would lower tariffs and regulatory barriers, and the India Centre and Indo‑German Business Forum in Berlin serve as platforms to deepen commercial ties between the two economies.
- •Watch for the free‑trade agreement to be signed by December as Goyal indicated
- •Monitor the four‑to‑five‑month period after signing for the agreement’s implementation
- •Track any concrete trade‑promotion plans announced by the India Centre or business forum