India’s export sector is increasingly benefiting from its expanding network of Free Trade Agreements (FTAs), with electronics, pharmaceuticals and engineering goods emerging as key drivers of export growth. These sectors have recorded strong gains in overseas markets by leveraging preferential market access and reduced trade barriers offered under various trade agreements. The shift reflects a gradual transformation in India’s export basket from traditional commodities towards higher-value manufactured products and technology-intensive goods. Industry stakeholders have highlighted that FTAs are helping Indian exporters improve competitiveness, diversify markets and strengthen integration with global value chains. The growing contribution of sectors such as electronics and pharmaceuticals also underscores the impact of policy measures aimed at boosting domestic manufacturing, enhancing export capabilities and supporting India's emergence as a global production hub.Engineering goods continue to remain one of India’s largest export categories, while electronics exports have witnessed rapid expansion on the back of rising manufacturing capacity and increasing global demand. Pharmaceutical exports have also benefited from greater market access and India's strong position as a leading supplier of affordable and high-quality medicines. The growing role of these sectors is expected to support India’s long-term export growth strategy by reducing dependence on a limited number of products and destinations. As India pursues new trade agreements and strengthens existing partnerships, export-oriented industries are expected to gain further opportunities to expand their global footprint. The continued growth of high-value manufacturing exports is likely to enhance foreign exchange earnings, strengthen industrial competitiveness and contribute to the country’s broader economic development objectives.Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.https://www.ibef.org/news/electronics-pharmaceuticals-and-engineering-goods-drive-export-growth-under-free-trade-agreements (ICE MUMBAI)

Fonte notizia: IBEF