India concluded nine FTAs covering 38 countries in last three years boosting exports | Current Affairs | Vision IAS

Upgrade to Premium Today

Start Now
MENU
Home
Quick Links

High-quality MCQs and Mains Answer Writing to sharpen skills and reinforce learning every day.

Watch explainer and thematic concept-building videos under initiatives like Deep Dive, Master Classes, etc., on important UPSC topics.

A short, intensive, and exam-focused programme, insights from the Economic Survey, Union Budget, and UPSC current affairs.

ESC

In Summary

  • India achieved zero-duty market access to nearly 70% of global GDP, with cumulative exports reaching USD 720.76 billion in Apr-Jan 2025-26.
  • Key sectors like electronics (2nd largest mobile manufacturer), petroleum products (7th largest exporter), and pharmaceuticals (3rd largest producer by volume) show strong performance.
  • Government initiatives like Export Promotion Mission, PLI schemes, and the India Semiconductor Mission 2.0 support MSMEs, domestic manufacturing, and self-reliance.

In Summary

It has led to zero-duty market access to nearly 70% of global GDP.

  • Cumulative exports reached USD 720.76 billion in Apr-Jan 2025-26 (+6.15% YoY)

Sector-wise Performance

  • Electronic Goods: India's third-largest export category, India is now world’s second-largest mobile phone manufacturer
  • Petroleum Products: The seventh-largest global exporter of refined petroleum.
  • Pharmaceuticals: Consolidating its Pharmacy of the World status, ranks 3rd largest pharmaceutical producer by volume and the 11th largest by value.
  • Automobiles & Textiles: The automobile sector provides direct and indirect employment to over 30 million people while textiles maintain the 6th largest global export share.
  • Defence: Expanding to over 100 nations, achieved defence exports of ₹23,622 crore in FY25.

Institutional Support Mechanism

  • Export Promotion Mission (EPM): Backed by a ₹25,060 crore outlay (FY26-FY31), this mission especially empowers MSMEs and first-time exporters via Niryat Protsahan and Niryat Disha.
  • Logistics & Warehousing initiatives like FLOW and LIFT subsidize overseas warehousing and offset freight disadvantages in low-export districts.
  • The TRACE initiative reimburses costs for international testing, inspection, and certification requirements.

Government Schemes & Initiatives

  • PLI Schemes: in Auto, Bulk Drugs, and Medical Devices aimed at reducing critical import dependence.
  • Tech & EV Push: The India Semiconductor Mission 2.0, the ₹40,000 crore Electronics Component Manufacturing Scheme (ECMS), and the ₹10,900 crore PM E-DRIVE scheme accelerate domestic manufacturing and self-reliance.
Tags:
Watch Video News Today

Explore Related Content

Discover more articles, videos, and terms related to this topic

RELATED VIDEOS

1
Role of Indian Diaspora in Making India Self-Reliant

Role of Indian Diaspora in Making India Self-Reliant

YouTube HD

RELATED TERMS

3

PM E-DRIVE scheme

PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) is a scheme by the Indian government aimed at promoting electric vehicles, particularly focusing on the transition strategy post-subsidies and encouraging self-sustaining growth in the EV sector.

India Semiconductor Mission 2.0

India Semiconductor Mission 2.0 is an updated policy framework aimed at promoting the development and manufacturing of semiconductor chips and related electronic components within India, boosting self-reliance in this critical technology sector.

TRACE Initiative

The TRACE (likely Trade, Regulation, and Compliance Enhancement) initiative is a program that reimburses Indian exporters for the costs associated with international testing, inspection, and certification requirements, thereby facilitating their market access.

Title is required. Maximum 500 characters.

Search Notes

Filter Notes

Loading your notes...
Searching your notes...
Loading more notes...
You've reached the end of your notes

No notes yet

Create your first note to get started.

No notes found

Try adjusting your search criteria or clear the search.

Saving...
Saved

Please select a subject.

Referenced Articles

linked

No references added yet