Minister of Commerce and Industry Piyush Goyal on Saturday said that India-US trade deal will be a win-win situation for both the countries.

"...Negotiation is successful only when it`s win-win on both sides. But we`ve to ensure that win-win is something, our people can benefit with...I assure you negotiations are in extremely positive approach..."said Goyal on Saturday during the Global Business Summit.

Goyal had last month said that India is aiming to eliminatepoverty in the next five years to ensure a good quality of life to everyhousehold of the country.

"India is poised to be amongst the top 3 economies ofthe world and our rightful place will be when we achieve for our people a USD30,000-40,000 per capita income level. Five years from now, we want to makesure that poverty is completely eliminated from India and every home has a decentquality of life," said Goyal while speaking at the "US-India Forum:Partners for Growth" conference.