Tensions in the Middle East, including the Strait of Hormuz shutdown, have failed to dampen the spirits of Indian exporters. Commerce Minister Piyush Goyal conveyed this upbeat message on Wednesday, noting that alternative pathways are keeping exports on track. April’s initial three weeks have seen a marked increase over the previous year, a testament to the sector’s adaptability.
In a candid exchange with reporters, Goyal revealed, ‘War in the Middle East hasn’t quelled exporter enthusiasm—it’s at an all-time high.’ Incoming trade pacts are amplifying prospects, especially as FTAs grant access to two-thirds of global markets. This opens doors for auto components, manufacturing, farm produce, seafood, and service industries.
Progress on the US-India FTA remains steady, with recent talks fostering optimism. The February 2026 interim pact laid groundwork for broader negotiations. Meanwhile, the landmark India-New Zealand agreement transcends conventional trade, slashing duties to zero on most Indian products entering Kiwi markets.
This FTA unlocks 140 service sectors and fosters ties in education, sports, culture, agrotech, and innovation. Key provisions cover IP protection and AYUSH collaborations, enhancing bilateral synergies. Goyal described it as a game-changer, poised to propel Indian exports to new heights.
India’s export engine is revving stronger, navigating geopolitical hurdles with agility. As new agreements materialize, the nation eyes exponential growth, solidifying its role in global commerce despite international flashpoints.
