India has secured 9 Free Trade Agreements (FTAs) with 38 developed nations

GK and monthly revision
Trade deals a game changer for India's progress, says Piyush Goyal on India's 9 FTAs
India has secured preferential access to nearly 70% of global trade markets through 9 Free Trade Agreements (FTAs) with 38 developed nations. These FTAs aim to boost self-reliance and economic development by 2047, while protecting sensitive sectors and boosting key industries like textiles and leather. This is a significant development that can impact India's economic progress and competitiveness in global trade.
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Key points
Exam-ready takeaways
These FTAs provide preferential access to nearly 70% of global trade markets
The FTAs aim to boost self-reliance and economic development in India by 2047
Sensitive sectors have been protected while key industries like textiles and leather are set to gain new market entry
The FTAs are expected to enhance India's economic progress and competitiveness in global trade
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