What PM Modi said on India-US trade deal in his Rajya Sabha address

Prime Minister Narendra Modi, while replying to the debate on Motion of Thanks on the President’s Address, on Thursday, spoke on the recently concluded trade deals with the US and the European Union.

The PM told the Upper House MPs that many big countries are keen to have good trade relations with India. Modi added that trade deals with India contribute to global stability, while also making the country future ready.

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“India is signing future-ready trade deals with several countries. In the past few days, we signed trade deals with nine big and important countries of the world. Mother of all deals with 27 countries, with the European Union is one of them.

“Big countries are very eager to have trade relations with India. Be it the trade deal of the European Union or the recent deal with the US. The entire world is openly praising these trade deals. When we signed the trade deal with the EU, the world became more confident about the greater likelihood of global stability. After the trade deal with the US, the world became even more confident that with stability, they can sense a speed too. This is a positive sign for the world,” said the PM in his address.

#WATCH | In Rajya Sabha, PM Modi says, “…Big countries are very eager to have trade relations with India. Be it the trade deal of the European Union or the recent deal with the US…The entire world is openly praising these trade deals. When we signed the trade deal with the… pic.twitter.com/CIjwAms1kA

— ANI (@ANI) February 5, 2026

The PM underscored that India today has emerged as a trusted partner of several countries as it is playing its role in a manner that contributes to global welfare.

India today has emerged as a strong voice of the Global South on global platforms, he stated.

The trade deals with the EU and the US have come at a crucial time amidst global economic and political upheaval. The agreement reached with the US is particularly crucial as it brings down the 50 per cent tariffs imposed on Indian goods to 18 per cent.

The trade deal announcement marks a significant turnaround in India-US relations, which had plummeted after Donald Trump took charge of the US as president last year. His imposition of up to 50 per cent tariffs on India, half of those being a penalty for New Delhi buying Russian oil, brought about an unprecedented chill in bilateral relations, which had been on an upward trajectory for the past two decades.