Goyal Unveils Mega Trade Plan, Eyes Access to 75% of Global Markets
What Happened
Commerce Minister Piyush Goyal said India is negotiating free trade agreements (FTAs) with 8-9 additional countries and blocs that together represent around $15 trillion in GDP. He stated that, once concluded, India's FTAs could cover nearly 75% of global trade, further integrating the country into global value chains.
Key Takeaways
India is accelerating its trade diplomacy to expand market access, attract investment, and strengthen its position as a trusted global manufacturing and supply-chain partner. Existing and proposed FTAs together would give India preferential access to a vast share of the global economy.