India, Oct. 14 -- The US and India have a very consequential relationship, which, apart from trade, draws strengths from economic, political, and security imperatives, commerce and industry minister Piyush Goyal said on Wednesday.

"It is already very good. I don't see any problem as we speak also. And, to my mind, the relationship with the US that India enjoys is very substantive, very consequential for the world -- being two large democracies," the minister said at the Bloomberg New Economy conference in New Delhi. He said this when asked if he thinks India's relationship with the US will improve after President Donald Trump.

The question of session moderator, Bloomberg head of economics and government Stephanie Flanders, pertained to ...