India’s free trade deal with New Zealand starts on October 20. Trade body TPCI says tariffs on several food items will fall from up to 5% to zero right away.
That could help Indian farm and processed food exports. The reporting does not say how big the benefit will be or how much trade will change.
Official statistics on record
Exports (% of GDP)World Bank Open Data
22.06 % of GDP (2024)
22.26 % of GDP (2025)
+0.9% vs 2024
Imports (% of GDP)World Bank Open Data
23.85 % of GDP (2024)
24.01 % of GDP (2025)
+0.6% vs 2024
Reference data, not a forecast — see the cited source for each series.
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Publisher's headline: “India, New Zealand FTA to boost agri, processed food exports: Trade body”
What this touches
AgricultureFood & BeveragesEconomyGlobal
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