Modi, Luxon Announce Landmark India-New Zealand Free Trade Agreement

• PM Modi and New Zealand PM Christopher Luxon announced a Free Trade Agreement (FTA).
• The FTA aims to reduce or remove tariffs on 95% of New Zealand's exports to India.
• NZ exports to India are projected to rise from $1.1B to $1.3B annually over two decades.
• The agreement is expected to double bilateral trade in 5 years and attract $20B NZ investment in India over 15 years.
• It benefits Indian exports like textiles, pharmaceuticals, leather, engineering goods, and agricultural products.

Why It Matters: India and New Zealand ink a historic FTA to boost trade, investment, and market access for both nations.