India’s exports to countries covered under its new and proposed Free Trade Agreements (FTAs) could exceed $1 trillion by 2035, according to industry body ASSOCHAM, highlighting the transformative potential of the country’s expanding trade partnership network. The projection reflects growing market access, lower tariff barriers, and stronger integration into global value chains.
The estimate is based on the expected benefits from recently concluded agreements with countries such as the UAE, Australia, and the UK, along with the anticipated conclusion of trade negotiations with major partners including the European Union. ASSOCHAM said these agreements are expected to significantly enhance India’s competitiveness across key export sectors.
Engineering goods, electronics, pharmaceuticals, textiles, chemicals, processed food, gems and jewellery, and automotive components are expected to be among the biggest beneficiaries of the new trade pacts. Improved access to high-value markets, coupled with streamlined customs procedures and regulatory cooperation, is likely to create fresh opportunities for Indian exporters.
The industry body also stressed the importance of strengthening domestic manufacturing, improving logistics infrastructure, and supporting micro, small and medium enterprises (MSMEs) to fully capitalize on the benefits of FTAs. Continued policy reforms and export-focused investments will be critical in helping Indian businesses expand their global presence.
As India accelerates its trade negotiations with major economies, the growing network of FTAs is expected to play a central role in achieving the country’s long-term export ambitions, diversifying markets, and boosting economic growth over the next decade.