India, Feb. 9 -- India will have no difficulty in purchasing goods worth $ 500 billion from the US over the next five years, as envisaged under the bilateral trade pact, and in fact, this is an "extremely" conservative number for a country which aspires to become a $30 trillion economy, Commerce Minister Piyush Goyal said on Sunday.

"My sense is we need at least a 100 billion dollar plus only for the aviation sector, in addition to oil, LNG, LPG, and crude oil," Goyal said in an interview with PTI Videos.

According to a joint statement issued by both sides on Saturday on the framework for the first phase of the bilateral trade agreement, India has expressed its intention to purchase $500 billion of US energy products, aircraft and aircr...