India is actively negotiating free trade agreements (FTAs) with 8-9 more countries/blocs, aiming to cover 75% of global trade. This strategic push, announced by Commerce Minister Piyush Goyal in Tokyo, positions India as a trusted partner in global value chains and opens up a combined GDP of $70 trillion for preferential market access.
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- ›New FTAs Under Negotiation: 8-9 blocs/countries
- ›Additional GDP from New FTAs: $15 trillion
- ›Target this Data: India aims to cover 75% of global trade through FTAs.
- ›Target this Data: 9 FTAs signed in the last 4 years covering $60 trillion GDP.
- ›Target this Nodal Body: Ministry of Commerce and Industry (Minister: Piyush Goyal).
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