India is actively expanding its footprint in global commerce through major trade agreements and strategic diplomatic engagements across key markets. In a major shift, China surpassed the United States to become India’s largest trading partner in 2025–26, with bilateral trade reaching $151.1 billion, prompting Indian diplomats to push for reduced trade deficits and expanded access for Indian generic pharmaceuticals in the Chinese market. Simultaneously, India finalized a landmark Free Trade Agreement (FTA) with New Zealand, eliminating tariffs on 57% of New Zealand’s exports to India on day one, as Prime Minister Luxon highlighted the immense opportunities within India’s expanding consumer economy. Expanding its global trade vision after concluding a historic deal with the European Union, India’s chief trade negotiator outlined ongoing and planned FTA discussions spanning Canada, Mexico, Chile, Peru, Mercosur, the Gulf Cooperation Council, Kenya, and the Southern African Customs Union. Furthermore, to boost domestic high-tech manufacturing under the Production Linked Incentive (PLI) scheme, the Indian government waived basic customs duty on essential inputs for display assemblies, inductor coil modules, and lithium-ion cell machinery through March 2029, a move designed to streamline operations for battery gigafactories, EV producers, and consumer electronics firms.