India Pledges $500 Billion U.S. Purchases

India's Commerce Minister Piyush Goyal said on Sunday that India can purchase $500 billion of U.S. goods over the next five years under the bilateral trade framework and called the figure “extremely conservative.” He singled out aviation, energy, semiconductors and data-centre equipment as major demand drivers, noting existing Boeing orders and lower reciprocal tariffs (18% for India versus 35% for China). Goyal said safeguards in the deal will protect farmers and domestic industry.