According to estimates, Piyush Goyal said the country may import goods worth USD 500 billion from the US in the next five years. Piyush Goyal's statement comes days after US President Donald Trump claimed that India committed to USD 500 investment in the US, while announcing the India-US trade deal. In terms of aircraft purchases, India has or is yet to place around USD 70-80 billion from the US alone. This is apart from the engines and other spare parts, which will probably cost USD 100 billion, he added. "Their tariffs are executive tariffs, our tariffs are MFN tariffs.

Source: dna February 05, 2026 11:53 UTC