India Fast-Tracks Trade Partnerships to Secure Growth and Diversify Global Markets: Economic Survey
The Economic Survey highlights diversification into Oceania, Europe, Africa, and Latin America to secure markets.
India's economic surveyIndia’s Economic Survey 2025–26 highlights a decisive push to expand its global trade footprint through a series of new and upgraded agreements. Over the past five years, the country has concluded landmark deals such as the Comprehensive EconomicPartnership Agreement (CEPA) with the UAE, the Economic Cooperation and Trade Agreement (ECTA) with Australia,...
India's economic surveyIndia’s Economic Survey 2025–26 highlights a decisive push to expand its global trade footprint through a series of new and upgraded agreements.
Over the past five years, the country has concluded landmark deals such as the Comprehensive EconomicPartnership Agreement (CEPA) with the UAE, the Economic Cooperation and Trade Agreement (ECTA) with Australia, and the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA).
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More recently, agreements with Oman, New Zealand, and the UK have further broadened India’s access to key markets. These partnerships are designed to reduce tariffs, ease regulatory barriers, and create new opportunities for Indian exporters across sectors including manufacturing, pharmaceuticals, electronics, and IT services.
The Survey underscores that this strategy is not just about expanding trade volumes but also about diversifying markets. By engaging with partners in Oceania, Europe, Africa, and Latin America, India is reducing its reliance on a few traditional destinations.
Agreements with Mauritius and Oman strengthen India’s presence in Africa and the Middle East, while ongoing negotiations with the EU, USA, and Latin American countries such as Peru and Chile promise to open new avenues for growth. This diversification is critical to insulating the economy against global shocks, supply chain disruptions, and rising protectionism.
Collectively, these trade partnerships are expected to boost competitiveness, attract investment, and enhance India’s role in global commerce.
The Survey positions them as both an economic and strategic tool—helping India secure growth while projecting itself as a reliable partner in an era of shifting trade dynamics.
By combining tariff liberalisation with safeguards for domestic industries, India is striking a balance between openness and resilience, ensuring that its trade policy supports long‑term sustainable growth.
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