India's Export Growth Accelerates with New FTAs

India's recent export performance has shown significant growth, driven by the country's new Free Trade Agreement (FTA) partners. According to a government factsheet, the shift is visible in early export gains, rising preferential certificate of origin issuance, and a wider range of exports to these markets.

The government initiatives have supported the transition, helping exporters access preferential benefits and enter new markets. The recent trade agreements have spanned major global markets, widening trade partnerships and creating diverse opportunities for exporters.

In FY 2025-26, India's combined merchandise and services exports reached a record $863.1 billion, including merchandise exports of $441.8 billion. The momentum has continued in FY 2026-27, with combined exports during April-June this year estimated at $232.73 billion, increasing by 11.37 per cent over the same period last year.

India's FTA partners, including the UAE and Australia, have constituted important markets for merchandise exports. The UAE has crossed $37.35 billion, and Australia has surpassed $7.28 billion, illustrating the early progress under India's recent trade agreements.

The reach of an FTA is also reflected in the range of products entering partner markets. This product-level expansion is visible across several of India's recent agreements. A trade agreement opens preferential market access, while its practical use depends on exporters claiming the available benefits.

Under an FTA, exporters generally need to provide proof of origin for their goods. The UAE CEPA and Australia ECTA, operational since 2022, have generated a large volume of origin certification, indicating robust utilisation of tariff concessions. Early uptake has also been noticed under newer agreements, such as the EFTA TEPA and Oman CEPA.

The increase in preferential CoO issuance is supported by government initiatives, which have helped exporters access preferential benefits and enter new markets. The growth in exports is expected to continue, with India-Israel FTA talks scheduled to have two more rounds, and a deal expected by February 2027.

The India-UK FTA is also expected to boost gems and jewellery exports, with zero duty access. The industry sees stronger trade and wider global opportunities, driven by the new FTAs.

In conclusion, India's export growth has accelerated with the new FTAs, driven by the country's growing commercial importance and the shift in export gains. The government initiatives have supported the transition, and the growth is expected to continue, with new trade agreements and partnerships on the horizon.

The significance of this growth cannot be overstated, as it reflects India's increasing importance in the global market. The country's exports have reached a record high, and the momentum is expected to continue, driven by the new FTAs and government initiatives. This growth is expected to have a positive impact on the Indian economy, creating new opportunities for businesses and driving economic growth.

Overall, the growth in India's exports is a positive sign, driven by the country's new FTAs and government initiatives. The country's increasing importance in the global market is expected to continue, with new trade agreements and partnerships on the horizon.

The Indian government has been actively pursuing new trade agreements, with the aim of increasing the country's exports and driving economic growth. The recent FTAs have been successful in achieving this goal, and the government is expected to continue its efforts to pursue new trade agreements and partnerships.

In the coming years, India's exports are expected to continue to grow, driven by the new FTAs and government initiatives. The country's increasing importance in the global market is expected to continue, with new trade agreements and partnerships on the horizon. This growth is expected to have a positive impact on the Indian economy, creating new opportunities for businesses and driving economic growth.

The growth in India's exports is also expected to have a positive impact on the country's trade prospects, with new opportunities emerging for businesses and exporters. The Indian government's efforts to pursue new trade agreements and partnerships are expected to continue, with the aim of increasing the country's exports and driving economic growth.

In conclusion, the growth in India's exports is a positive sign, driven by the country's new FTAs and government initiatives. The country's increasing importance in the global market is expected to continue, with new trade agreements and partnerships on the horizon. This growth is expected to have a positive impact on the Indian economy, creating new opportunities for businesses and driving economic growth.