India Seals 9 FTAs Covering 38 Nations: Goyal Says

• India’s nine FTAs open nearly two-thirds of global markets for trade and talent
• AI and technology boost jobs, productivity, and global integration
• Focus on resilient supply chains, R&D, and learning from global best practices

India has established nine free trade agreements (FTAs) with 38 countries, which provide preferential market access to about 66 percent of worldwide markets, according to Commerce and Industry Minister Piyush Goyal.

India free trade agreements continue to accelerate under the latest Piyush Goyal FTA update, highlighting India 9 FTAs 38 nations and strengthening India global trade partnerships through proactive commerce ministry India trade initiatives.

With a focus on India trade agreements 2026, India bilateral trade deals, and India international trade expansion, the roadmap reinforces India economic diplomacy and advances the India export growth strategy.

The agreements will create new business possibilities for Indian exports in goods and services, agricultural products, fisheries and labor-intensive industries, while they establish international connections through value chain networks and talent mobility programs.

He stated that all nations pursue trade agreements with India and added that “I have had an engagement with Chile, which wants to conclude the FTA this week. We are launching (FTA talks with) Canada, hopefully when the prime minister (Mark Carney) is here on Monday”.

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Goyal confirmed that India intends to complete the Terms of Reference process while starting free trade agreement discussions with Canada. The meetings with founders and business executives confirmed that India's main strengths stem from its innovative capacities, passionate workforce and talented employees.

He explained that international recognition of India's innovative ecosystem and technological skills emerged from the recent AI Impact Summit, which took place in New Delhi.

The minister stated that AI technology will change worker responsibilities in the future because it will not take away their jobs. India benefits from its special medical talent pool because 2.3 million STEM graduates join the workforce every year.

Goyal compared AI to the Y2K period because he identified it as a major turning point, which created superior employment opportunities and better export results and international business links while raising requirements for cybersecurity, data protection and system governance skills.

He explained that self-reliance requires global connections because Atmanirbhar Bharat develops secure and diverse supply networks through international partnerships. He urged entrepreneurs to create global markets which will benefit MSMEs, farmers, exporters and fishermen because he believed that Indian youth would guide the nation to developed-economy status by 2047.

The industry leaders demanded more research and development funding and better productivity through artificial intelligence and knowledge acquisition from international best practices, especially from China, to boost India's economic development.