Economy · India
India Pursues Trade Deals for Economic Growth
India is actively pursuing free trade agreements (FTAs) with various partners, aiming to significantly boost its Gross Domestic Product (GDP) and bilateral trade. The government anticipates that its free trade push could result in a $140 billion GDP gain. Specifically, India and the United Kingdom are targeting to double their bilateral trade to $120 billion by 2030 under a proposed FTA. In parallel, a Catalan Business Minister expressed a desire to double trade with India within five years, emphasizing India's central role in Asia. Discussions are also underway to accelerate business cooperation between India and the UK, with calls for faster engagement.
How outlets across the spectrum covered it
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- Centre (3): Business Standard, Business Today, Hindustan Times
- Right (1): Firstpost