India-New Zealand FTA Approved: Big Benefits for Economy & Common People!

• Cabinet approves India-New Zealand Free Trade Agreement, marking India's seventh major FTA since 2021.
• Indian businesses in pharma, textile, engineering, and IT services gain new market access and lower taxes in New Zealand.
• FTA focuses on reducing taxes on goods, improving market access for services, and simplifying trade processes.
• Expected benefits include new job opportunities from increased exports and service sector growth, boosting MSMEs.
• Consumers may see better prices/quality for New Zealand imports like dairy, fruits, and wool; affordable machinery aids small industries.

Why It Matters: India-New Zealand FTA promises economic growth, job creation, and consumer benefits through reduced trade barriers.