Now Reading: India’s FTA exports surge, Singapore and Sri Lanka double
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India’s FTA exports surge, Singapore and Sri Lanka double
India's exports to free trade agreement (FTA) partners shot up in the first quarter of 2026-27, with shipments to Singapore more than doubling to $6.52 billion and those to Sri Lanka jumping…
The Story in Brief
India's exports to free trade agreement (FTA) partners shot up in the first quarter of 2026-27, with shipments to Singapore more than doubling to $6.52 billion and those to Sri Lanka jumping 123.8% to $2.35 billion, according to commerce ministry data. Exports to the ASEAN region rose 61.6% to $14.61 billion, while shipments to Malaysia climbed 75.2% to $2.54 billion and to Australia 25.2% to $2.68 billion.
Overall, India's exports to 16 operational FTA partners grew robustly, lifting total exports by 15.92% to $129.32 billion in April-June. The India-UK trade agreement, operationalised on July 15, helped push shipments there up 11.1% to $3.69 billion. Other strong performers included South Korea, Japan, Oman, and Nepal.
The Indian Opinion
Free trade deals are easy to sign, but harder to make work. These numbers suggest India's exporters are finally cracking FTA markets, not just sending raw materials but finished goods. The doubling of exports to Singapore and Sri Lanka signals real traction, not just base effect. The real test will come when global demand slows, can these gains hold, or will they vanish with the next downturn? Watch India's share in these markets over the next two quarters for the answer.
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
