More than 60% of India’s trade will soon be on preferential terms as the country signs deals with key partners and big blocs. New Delhi has announced three trade deals in the last 15 days— with the EU, the US and the Gulf Cooperation Council (GCC) as it seeks to become part of global value chains.
Significant increase in exports to these countries Exports to these nations/blocs outpace overall growth, rising 8.5% in FY22-25 compared with 3.7% for total exports.
India runs a trade surplus with half its partners
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Note: Data for FY26 till November. India has separate trade agreements with Oman and the UAE (part of GCC), and with Malaysia, Singapore and Thailand (members of Asean) Source: Ministry of Commerce and Industry, ET analysis.
