ANI
13 Nov 2026, 19:20 GMT+10
New Delhi [India], November 13 (ANI): India's exports to key Free Trade Agreement (FTA) partners registered strong growth during April-September FY27, with shipments to Singapore surging 103 per cent, Malaysia rising 83 per cent and ASEAN countries recording a 58 per cent increase, according to data presented by the Ministry of Commerce and Industry on Friday.
The data, presented during a press conference addressed by Commerce Secretary Rajesh Agrawal, highlighted India's expanding trade partnerships and recent developments in free trade agreements, including the implementation of the India-New Zealand FTA and progress under the India-European Free Trade Association (EFTA) agreement.
According to the ministry, India's exports to Singapore more than doubled to USD 11.07 billion during April-September FY27 from USD 5.45 billion in the corresponding period last year.
Exports to ASEAN countries increased to USD 28.06 billion from USD 17.75 billion, while shipments to Malaysia rose to USD 5.58 billion from USD 3.05 billion.
Similarly, exports to Sri Lanka increased 73 per cent to USD 3.94 billion, while shipments to Oman rose 47 per cent to USD 3.29 billion.
Exports to Japan increased 40 per cent to USD 4.10 billion, while shipments to South Korea grew 24 per cent to USD 3.91 billion.
On the FTA front, the ministry highlighted that the India-New Zealand Free Trade Agreement, signed on April 27, 2026, entered into force on October 20, providing immediate zero-duty access for 100 per cent of Indian exports across all sectors.
Under the agreement, New Zealand has committed to facilitating USD 20 billion in investment into India across infrastructure, manufacturing, renewable energy, agricultural technology and MSMEs.
The agreement also creates mobility opportunities for Indian professionals, including 5,000 skilled visas, student work rights and post-study employment opportunities.
Meanwhile, the ministry highlighted developments under the India-EFTA Trade and Economic Partnership Agreement (TEPA), which completed one year since its entry into force.
The second India-EFTA Prosperity Summit, held in New Delhi on October 7, witnessed investment announcements across manufacturing, energy, maritime, healthcare, food processing, aviation and infrastructure finance.
The summit also facilitated business-to-business engagements in advanced manufacturing, healthcare, clean energy and the blue economy.
According to the ministry's data, India's exports to EFTA-TEPA partners increased 5 per cent to USD 1.03 billion during April-September FY27, compared with USD 0.98 billion a year earlier. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationMOSCOW, Russia: Russia launched a major overnight attack on Ukraine on November 12, targeting military factories, energy facilities,...
BEIJING, China: Gaps in Washington's efforts to curb China's access to advanced technology have been laid bare after a Chinese university...
LONDON, U.K.: A senior US Army soldier has been arrested in Britain on suspicion of helping Russian intelligence, raising concerns...
WASHINGTON, D.C.: The FBI is looking into Nvidia CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing,...
ROME/BELFAST: More than 300 schools across Italy were evacuated on November 11 following bomb threats that were later declared hoaxes....
SEOUL, South Korea: North Korea has criticized UN Secretary-General Antonio Guterres for calling on the two Koreas to reduce tensions...
(Photo credit: Ron Johnson) Someone will snap a losing streak when Rutgers hosts Nebraska in a Big Ten Conference game on Saturday...
(Photo credit: Alex Martin) TCU will close a busy week by meeting Milwaukee on Friday night in Fort Worth, Texas. Early in the...
(Photo credit: Mark Hoffman) After Ryan Hopkins enjoyed a breakout debut as a starter, Wisconsin will stick with the freshman quarterback...
(Photo credit: Amber Searls) After some back and forth, the Los Angeles Rams on Thursday opted to place star wide receiver Puka Nacua...
(Photo credit: Mark J. Rebilas) The Portland Trail Blazers seek to add an NBA Cup win to their impressive start when they visit the...
(Photo credit: Troy Taormina) The Houston Rockets sit third in the Western Conference standings thanks to a strong start, but before...
