New Zealand FTA kicks in: Can zero tariffs boost India's exports? Which sectors stand to gain? Expert weighs in
India's Free Trade Agreement (FTA) with New Zealand took effect, with Commerce and Industry Minister Piyush Goyal calling it a victory for both nations. Expert Saurav Kumar noted that while zero tariffs could enhance competitiveness for sectors like automotive and pharmaceuticals, challenges such as logistics and certification remain. The agreement aims to boost India's $1.1 billion exports to New Zealand.