Mumbai, Nov 8: NITI Aayog CEO B.V.R. Subrahmanyam expressed optimism that ongoing trade negotiations between India and the United States may witness a breakthrough by the end of November 2025.
Speaking at a media event, he emphasized that the talks are currently on track despite several sensitive issues that remain to be resolved.
Subrahmanyam highlighted that India is aiming to operationalize its National Manufacturing Mission by November, which seeks to establish sectoral clusters across 15 key industries in 75 locations to create globally competitive manufacturing hubs.
He also underscored the importance of India raising its investment rate to 35–36% of GDP annually to sustain an economic growth rate of 8–9%, up from the current 30–31%.
Positioning India as the “brightest spot in the global economy,” Subrahmanyam said India’s vast market size, innovation capabilities, and talent pool will continue to attract foreign investors.
Despite ongoing tariff tensions with the US, he insisted that India must maintain openness and policy consistency, focusing heavily on skilling and education to achieve developed-nation status.
The trade negotiations aim to ease tariff barriers and boost bilateral trade, which currently stands at $191 billion, with a future goal of doubling to $500 billion by 2030. The breakthrough could mark a significant milestone in resetting economic ties between the two countries amid geopolitical challenges.