India’s Free Trade Push Could Add $140–170 Billion to GDP by 2035
What Happened
A Bloomberg Economics report (October 2026) estimates India’s free trade agreements could raise GDP by $140 billion (1.7%) by 2035, rising to $170 billion (2.1%) if talks with the EU, New Zealand, GCC, Israel, and EAEU succeed. Despite U.S. tariffs on Indian goods climbing to 11.6% in 2026, the impact is limited since less than 2% of India’s output depends on U.S. markets.
Key Takeaways
India’s aggressive FTA strategy could reshape its trade landscape, reducing reliance on the U.S. market and strengthening ties with the EU, ASEAN, and Gulf partners. The projected GDP gains highlight the importance of effective implementation and domestic reforms to fully capture the benefits.