India's Strategic Trade Expansion

India is actively broadening its trade agreements, engaging with countries from Chile and New Zealand to the European Union and the United States. This move aims to diversify its export basket and mitigate risks amidst global trade pressures.

Focus on Critical Sectors

Recent negotiations, such as the comprehensive economic partnership agreement with Chile, highlight India's focus on digital services, investment promotion, and access to critical minerals. These agreements are pivotal for overcoming current economic challenges.

Accelerating Negotiations

With the UK trade deal announced, India is pushing for faster progress with the EU, a discussion two decades in the making. The upcoming talks with the US are highly anticipated, aiming for a conclusion within months.

Challenges Ahead

Despite progress, some negotiations, like those with Australia and Oman, face delays. Issues such as petrochemical concessions are hurdles that need addressing to finalize these agreements.