FTAs Could Boost India's Exports

The projected export growth is significantly higher than the 6.4% seen between 2016 and 2024. This acceleration hinges on India's ability to effectively leverage its FTAs. Several factors could influence the actual growth rate, including global demand, geopolitical stability, and the specific terms of future trade agreements. Negotiations for new FTAs are ongoing with countries like the UK and the EU, which could further boost export potential. Successful implementation of FTAs will require addressing domestic supply-side constraints and improving infrastructure to support increased trade volumes. Sectors like pharmaceuticals, textiles, and engineering goods are expected to be major beneficiaries.