Former NITI Aayog CEO Amitabh Kant has emphasized that deeper engagement with the United States economy will be essential for India to achieve sustained high growth. He said a balanced and mutually beneficial free trade agreement (FTA) between India and the US could play a significant role in expanding trade, strengthening exports, and creating new economic opportunities.
Kant highlighted that several countries, including Japan, South Korea, and China, accelerated their economic development through strong partnerships with the US. He noted that greater access to the American market would help India enhance its global competitiveness and support long-term economic expansion.
According to Kant, the proposed India-US trade agreement must ensure benefits for both nations while creating a fair environment for businesses. He stressed that Indian exporters should receive competitive opportunities and should not face disadvantages compared with suppliers from other countries.
He also pointed out the importance of the US market, describing it as one of the world’s largest economies with significant influence on global demand. With the American economy valued at around $30 trillion, Kant said stronger economic integration with the US would provide India with greater opportunities to increase exports and attract investment.
Kant expressed support for India’s ongoing trade negotiations, saying the government is taking a careful and strategic approach to protect national interests. He added that patience and strong negotiation efforts would be important in securing an agreement that benefits both sides.
The comments come as India and the US continue discussions on strengthening bilateral trade ties. Officials from both countries have indicated progress toward a framework for a proposed trade agreement, with further discussions focused on finalizing terms and ensuring mutual advantages.
Earlier, India and the US reached an interim trade understanding after tariff discussions, with Washington agreeing to reduce certain tariffs on Indian exports. The development marked progress in efforts to improve market access and expand commercial cooperation between the two countries.
Kant’s remarks underline the growing importance of the India-US economic partnership and the potential role of a comprehensive trade agreement in supporting businesses, increasing global integration, and driving future growth for both economies.
