Piyush Goyal: ICT Trade Measures Protect India's Interests, Not Shut Out Global Players

• Union Minister Piyush Goyal states India's ICT approach safeguards national interests against predatory pricing and unfair trade practices.
• The focus is on protecting domestic industries from countries supplying goods at irrational prices, even below manufacturing cost in India.
• Under a new trade pact, tariffs on Indian products entering the US will drop from 50% to 18%, with smartphones exported at zero duty.
• Goyal highlights the complementary nature of the US and Indian economies, emphasizing a mutually beneficial partnership.
• The deal with the US secures crucial ICT products like NVIDIA chips, AI equipment, and data centers, vital for India's national security and IT growth.