Live: Piyush Goyal to Speak on India-US Trade Deal in LS

February 4, 2026

The 2026 Budget Session of Parliament continued with live proceedings in both Houses. The Lok Sabha saw an early ruckus and adjournments as opposition members raised objections and demanded details on key national issues before formal discussion began.

Piyush Goyal to Address Lok Sabha at 12 Noon

Union Commerce and Industry Minister Piyush Goyal are set to address the Lok Sabha at 12 noon to outline the government’s position on the India-US trade deal, which has been a central political and economic topic in recent days.

Why the Trade Deal Matters

The India-US trade agreement—announced recently by U.S. and Indian leaders—promises reduced tariffs on Indian exports and enhanced market access for key sectors, potentially benefiting industries such as MSMEs, engineering, textiles, gems & jewellery, and more. Sensitive sectors like agriculture and dairy are expected to be protected under the pact.

Goyal is widely expected to explain details and government assurances on the deal, including its impacts on exporters and protections for domestic sectors that are politically sensitive.

Opposition Raises Concerns

Opposition parties, particularly the Congress, have expressed concerns about the deal’s implications for farmers and domestic industries and parliamentary transparency. Leader of Opposition Rahul Gandhi has criticized aspects of the agreement and questioned the government’s approach to bilateral trade talks.

Several Congress MPs were suspended amid disruptions in the Lok Sabha, reflecting heightened tensions in Parliament over the handling of debates on the President’s address and the trade deal.

Market and Political Reactions

The trade deal announcement has also influenced markets and political discourse. Union ministers hailed the pact as a strategic achievement for the economy, while industry stakeholders and commentators pointed out opportunities and uncertainties in finalizing the agreement’s technical details.