India is prepared to place aircraft orders worth $70–80 billion with Boeing, Commerce and Industry Minister Piyush Goyal said, indicating a potential total outlay of nearly $100 billion when engines and spare parts are included.

Speaking to reporters on February 5, the minister said that confirmed and pipeline orders together are valued at approximately $70–80 billion. Factoring in engines, maintenance components and related equipment, the total figure could reach close to $100 billion.

Aviation Demand on the Rise

The remarks reflect India’s expanding aviation market, driven by rising passenger traffic and fleet expansion plans of domestic carriers. India is currently one of the fastest-growing aviation markets globally, with airlines aggressively placing long-term aircraft orders to meet demand.

Context: Boeing Litigation

The comments come at a time when Boeing is facing litigation related to last year’s Air India crash in Ahmedabad. Families of victims have filed lawsuits alleging technical defects contributed to the accident. The investigation remains under review, and no final determination has been made.

Broader US Trade Engagement

Goyal also highlighted the broader economic relationship with the United States, stating that India could potentially procure up to $500 billion worth of American goods over the next five years.

This follows recent trade developments between New Delhi and Washington. US President Donald Trump earlier announced that both countries had reached a trade understanding, including tariff adjustments. According to the announcement, US tariffs on Indian goods would be reduced to 18%, while India would lower duties on certain American imports under a phased arrangement.

A joint statement formalising the first phase of the agreement is expected soon. A broader agreement is anticipated by mid-March, after which the revised tariff structure would take effect.

Agriculture and Food Security Clarifications

Sources indicated that key agricultural staples such as rice, wheat, sugar, dairy and corn are excluded from the trade arrangement. Officials clarified that agricultural imports from the US would focus on products not produced at scale in India, addressing concerns related to food security and farmer interests.

India’s manufacturing sector closed 2025 on a positive note, with December Purchasing Managers’ Index (PMI) data indicating a moderate expansion in factory activity. The latest figures suggest steady growth in output, new orders, and employment, reinforcing optimism about the sector’s performance in early 2026.

According to industry indicators, manufacturing output continued to rise as demand conditions improved across domestic and export markets. Firms reported better order inflows, supported by easing input cost pressures and relatively stable supply chains. The improvement points to resilience despite global economic uncertainties and tighter financial conditions in some international markets.

The PMI reading remaining above the expansion threshold reflects sustained momentum in industrial activity, particularly in consumer goods, intermediate products, and select capital goods segments. Manufacturers also indicated cautious optimism about future output, citing improved business confidence and expectations of stable demand.

Economists note that the manufacturing sector’s steady performance is significant for India’s broader economic outlook, as it supports employment generation, export growth, and overall GDP momentum. While challenges such as global demand volatility and geopolitical risks remain, the December data suggests that India’s factories are entering 2026 on a relatively strong footing.

Overall, the PMI numbers reinforce expectations that manufacturing will continue to play a key role in driving India’s economic growth in the coming months.

Gold prices in India edged higher today, driven by increasing global safe-haven demand and a softer U.S. dollar. Persistent geopolitical uncertainty, cautious investor sentiment, and expectations around global monetary policy are encouraging investors to move toward gold as a stable store of value.

Analysts say the decline in the U.S. dollar has supported bullion prices internationally, making gold cheaper for buyers holding other currencies and boosting overall demand. Alongside that, concerns over economic stability and market volatility have strengthened gold’s position as a preferred investment option.

In India, retail interest remains steady as consumers continue to view gold not only as a cultural asset but also as a long-term financial safeguard. Jewellery demand and investment-grade purchases are both witnessing positive traction, especially with the wedding and festive season contributing to sentiment.

Market observers believe that if global uncertainties persist and central banks maintain dovish signals, gold prices may continue to hold firm or even see further upside in the near term.