Next-Gen Free Trade Agreements Set to Turbocharge India’s Manufacturing Sectors 

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India is aggressively expanding its network of next-generation Free Trade Agreements (FTAs) to transform the country into a global manufacturing and export powerhouse, targeting a $30–35 trillion economy by 2047. Sectors like electronics, highly supported by the Production Linked Incentive (PLI) scheme, engineering goods, machinery, and pharmaceuticals are expected to see the highest growth through these pacts. By finalizing deals with major partners like the UAE, Australia, and the EFTA bloc, India is innovatively linking market access directly to domestic growth, as demonstrated by the EFTA agreement’s mandate for a $100 billion foreign direct investment and the creation of one million domestic jobs.

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