India’s New FTA Strategy Drives Sharp Surge in Trade With Key Partners

March 19 - India has increasingly focused on trade partners where complementarities are already strong, logistics are efficient, and economic interests Kenya breaking news | Kenya news today |..

✨ Key Highlights

India is successfully boosting trade with key partners by focusing on Free Trade Agreements (FTAs) that leverage existing strengths and efficient logistics. This new strategy has led to a significant surge in merchandise trade with these strategic partners.

Merchandise trade with strategic FTA partners grew by 92 per cent between FY 2020–21 and FY 2024–25, compared to 41.5 per cent for the rest of the world.
The Government of India is shifting from building new trade relationships to strengthening existing ones through FTAs.
Notable recent agreements include the pact with the European Free Trade Association (EFTA) countries and the impending deal with the European Union (EU), emphasizing investment and technological collaboration beyond just tariff reductions.