India FTA export coverage could rise from 27.4% to 74.5% of merchandise exports if all agreements under negotiation are concluded, according to commerce department data reported by Business Standard on 3 November 2026.
How Much of India’s Trade Do FTAs Cover Today?
Trade agreements in force cover exports worth $120.9 billion, or 27.4% of India’s $441.5 billion in merchandise exports in FY26. Full coverage of pending deals would extend preferential access to about $329 billion of exports.
India has concluded eight trade agreements in the past six years and is negotiating more than 10 others. This fiscal year it has implemented three FTAs, with Oman, the UK and New Zealand.
Which Deals Are in the Pipeline?
Negotiations on the India-EU FTA concluded in January, with signing targeted for December and implementation for early 2027. Other negotiating partners include the US (a bilateral trade agreement), the Eurasian Economic Union, Mercosur, Qatar, Bangladesh, Peru, Canada, Chile, Israel and the Maldives, plus a proposed deal with the Gulf Cooperation Council.
What About Imports?
Existing FTAs cover 33.1% of imports, which could rise to 67%. Preferential coverage across exports and imports combined could rise from 31% to 69.7%.
Market and Trade Reaction
No market or industry reaction was found in the source reviewed.
What Happens Next?
The EU agreement is the nearest milestone, with signing targeted for December.
Frequently Asked Questions
What share of exports do India’s FTAs cover?
27.4% of FY26 merchandise exports, or $120.9 billion.
What could coverage reach?
74.5%, about $329 billion, if all negotiations conclude.
When is the India-EU FTA to be signed?
Signing is targeted for December, with implementation in early 2027.
Source: Business Standard, 3 November 2026.
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