India-New Zealand FTA Finalized: Boosts Jobs, Exports, Benefits Key Sectors

• India and New Zealand have finalized an FTA, approved by the Cabinet, set to boost India's economy, exports, and common person's income.
• The agreement focuses on reducing tariffs for goods (pharma, textiles, engineering), improving market access for services (IT, digital, education), and simplifying business processes.
• It is expected to increase Indian exports, create jobs in manufacturing, logistics, and services, and offer consumers better prices/quality on certain imported goods.
• Key Indian sectors like Pharma (Sun Pharma, Cipla), Textiles (KPR Mill, Arvind), Engineering, and IT Services (TCS, Infosys) are poised for gradual, stock-specific benefits.
• The dairy sector in India is protected, with low probability of immediate large tariff cuts, ensuring no shock to domestic producers.

Why It Matters: India-New Zealand FTA promises long-term economic growth, job creation, and export diversification, with gradual benefits for specific sectors.