Global markets
India Targets 75% Global Trade Coverage as 8-9 New FTAs Are Negotiated
In a significant stride for India's international trade ambitions, the nation is actively negotiating 8-9 new Free Trade Agreements (FTAs). These pacts aim to cover economies valued at an additional $15 trillion in GDP, potentially extending India's preferential trade access to as much as 75% of global trade. This strategic move is expected to significantly boost India's export growth and provide Indian exporters with wider market access. Building upon existing trade pacts that already grant preferential access to $70 trillion of economies, the government's focus on expanding global value chains and strengthening the manufacturing sector in India is clear. The success of these FTA negotiations could be particularly beneficial for export-ready MSMEs, unlocking new opportunities for the Indian economy.
In a significant stride for India's international trade ambitions, the nation is actively negotiating 8-9 new Free Trade Agreements (FTAs). These pacts aim to cover economies valued at an additional $15 trillion in GDP, potentially extending India's preferential trade access to as much as 75% of global trade. This strategic move is expected to significantly boost India's export growth and provide Indian exporters with wider market access. Building upon existing trade pacts that already grant preferential access to $70 trillion of economies, the government's focus on expanding global value chains and strengthening the manufacturing sector in India is clear. The success of these FTA negotiations could be particularly beneficial for export-ready MSMEs, unlocking new opportunities for the Indian economy.
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