Page 51 - Policy Economic Report - Feb 2026
P. 51
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Referring to market concerns about artificial intelligence impacting Indian IT firms, the minister said the
reaction was “ridiculous”, arguing that Indian technology companies would be integral to the growth of
AI.
On India’s broader trade strategy, Goyal said nine free trade agreements have been concluded in the past
four years, adding that these deals were negotiated from a position of strength.
"These nine agreements have been negotiated from the position of strength. Today India does not engage
as a meek country, we are not apologetic about some of the problems that we have, we are negotiating
for the future," he added.
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