Union Commerce and Industry Minister Piyush Goyal emphasized that the Indian government is committed to securing the "best deal" in trade negotiations with the United States, stating that he does not operate under deadlines, as they may compromise the quality of the agreement. Speaking at the Financial Express Best Banks Awards in Mumbai, Goyal noted that the first phase of the bilateral trade deal is expected to be signed by mid-July. He also mentioned India's efforts to expand preferential trade discussions with various regions, including South America, Africa, Europe, Asia, and Australia, to enhance market access for Indian exporters. Goyal reassured that India is open to foreign investments, including from China, as long as they align with national interests. He highlighted India's robust economic position, citing remittance inflows of about $137 billion annually, which effectively cover the trade deficit. Additionally, he reported that India has an import cover of around 10 months, well above IMF standards, and expressed confidence in the country's growth trajectory, aiming for a $30 trillion economy by 2047 with exports reaching $6 trillion.