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No competition in US' ₹81.5-lakh & India's ₹2.7-lakh per capita income: Goyal on import control
short by Ashley Paul / on Saturday, 7 February, 2026
Commerce Minister Piyush Goyal said India and US complement each other. Speaking on India-US trade deal, Goyal clarified there's no need to impose authorisation requirements on US imports as labour costs in US are "probably 50x" those in India. He noted that US has $90,000 (₹81.5 lakh) per capita income, while India has $3,000 (₹2.7 lakh), saying, "There's...certainly no competition."
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