India, New Zealand Seal Historic FTA: $20 Billion Investment Expected

• Prime Minister Modi and New Zealand PM Christopher Luxon announced the successful completion of a Free Trade Agreement (FTA).
• The ambitious FTA, concluded in nine months, aims to double trade in five years and attract $20 billion in NZ investments to India over 15 years.
• It will boost economic cooperation, expand market access, and create opportunities for various sectors and individuals in both nations.
• New Zealand's exports to India are projected to increase annually from $1.1 billion to $1.3 billion, with tariffs reduced on 95% of goods.
• This marks India's seventh FTA, strengthening ties beyond trade in defense, sports, and education.

Why It Matters: India and New Zealand finalize a landmark FTA, promising significant economic growth and $20 billion in investments.