India-US partnership expanding across tech, defence and supply chains: Goyal

Key points

• NEW DELHI: Commerce minister Piyush Goyal on Thursday positioned India as the US’s preferred economic partner, saying American companies have committed more than $60 billion in investments over the past six months as global businesses deepen their India bets amid rising demand for trusted supply chains and digital infrastructure.
• Addressing the Annual Leadership Summit of the American Chamber of Commerce in India in New Delhi, Goyal said India and the US are emerging as “natural partners” backed by economic complementarity and resilient supply chains, while asserting that India would remain the world’s fastest-growing economy for at least the next 25 years.
• Goyal cited the International Monetary Fund’s FY27 growth forecast upgrade for India to 6.5% from 6.4%, saying the economy remained resilient despite challenges arising from the Ukraine war and the West Asia conflict.
• The Reserve Bank of India in April projected India’s FY27 real GDP growth at 6.9%, while...