India's Exports Soar: FTAs to Cover 71% by 2026 with US, EU Deals

• India's free trade agreements (FTAs) are set to cover 71% of its exports by 2026, a significant jump from 22% in 2019.
• The inclusion of the US and EU in India's FTA network is a major driver of this expansion.
• FTAs are projected to account for nearly 59% of India's total trade by 2026, up from 8.2% in 2004.
• Exports under preferential trade arrangements could exceed $290 billion, covering a substantial portion of India's $400-billion global export basket.
• The strategic shift towards developed markets like the US and EU enhances India's competitiveness in high-income consumption markets.