No Binding USD 500bn US Purchase In India Trade Pact – Intent Only Says Commerce Minister Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal has clarified the $500 billion figure in the India-US interim trade agreement, emphasising that India does not face any binding obligation to purchase that amount from the United States.Speaking to ANI on 8 February 2026, Goyal stated that the agreement reflects India’s intent to procure products based on its expanding commercial needs, rather
Union Commerce and Industry Minister Piyush Goyal has clarified the $500 billion figure in the India-US interim trade agreement, emphasising that India does not face any binding obligation to purchase that amount from the United States.Speaking to ANI on 8 February 2026, Goyal stated that the agreement reflects India’s intent to procure products based on its expanding commercial needs, rather
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