FREE TRADE AGREEMENTS (FTAs): ROLE IN INDIA

Free Trade Agreements (FTAs) are pivotal instruments in international economic diplomacy, enabling nations to expand market access, attract foreign investment, and enhance competitiveness. For India, a rapidly developing economy with global ambitions, FTAs have become an essential policy tool to integrate more deeply into global value chains and enhance exports. This paper explores the evolution, scope, and role of FTAs in India’s trade strategy, assesses their economic impact, identifies challenges, and discusses the future trajectory of India’s trade policy. Drawing upon data from government sources, international organizations, and recent trade negotiations, the paper highlights both the opportunities and constraints facing India in leveraging FTAs for sustainable economic growth.