Major FTAs done; focus now on their effective utilisation

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Synopsis India has significantly advanced its Free Trade Agreement (FTA) strategy, prioritizing deals with Western developed economies like the EU and USA. While these agreements offer substantial market access, the key challenge lies in effectively utilizing them for export growth, moving beyond traditional sectors and attracting FDI. At the beginning of 2026, India took a major leap forward on FTAs. First the EU, termed as “mother of all deals”, followed by a sudden surprise announcement of closure of pending Bilateral Trade Agreement with the USA. The two geographies put together have a combined market strength of nearly US$50trillion. For India,…

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