India has signed a Free Trade Agreement (FTA) with New Zealand, marking another milestone in the country’s diversified trade strategy. The agreement is expected to boost bilateral trade and open new markets for Indian exporters.
The FTA comes as India actively pursues efforts to expand export destinations and secure alternative supply chains, moving beyond its traditional reliance on the US market. Negotiations with various countries and regional blocs are being accelerated.
Market analysts expect a potential trade agreement with the United States in 2026, which could significantly boost the Indian Rupee and enhance export competitiveness. India is positioning itself as a reliable partner in global supply chains.
The government’s trade policy emphasizes self-reliance while maintaining openness to international commerce. The focus is on reducing trade deficits through increased exports of manufactured goods, IT services, and agricultural products.
These trade initiatives are expected to support India’s goal of becoming a $7 trillion economy by 2030, with exports playing a crucial role in achieving sustainable economic growth.
