Expanding network of FTAs supports India's trade strategy: Economic Survey
GS3Economy · S&T · Environment · Security· External sector, trade & FDI· Prelims + Mains·
Why in news
The Economic Survey 2025-26 stated that India's expanding network of free trade agreements (FTAs) supports the country's trade strategy by providing reliable market access.
Background
The Economic Survey 2025-26 highlights that FTAs allow export-focused firms to boost production and integrate into global value chains. The report emphasizes that state-level implementation is crucial for enhancing export competitiveness.
Facts for Prelims
- FactEconomic Survey 2025-26 identifies FTAs as a tool for reliable market access amidst global uncertainties
- FactFTAs are noted to improve export competitiveness by exposing firms to international competition
- FactState-level implementation is identified as a key factor in enhancing export competitiveness
For Mains
Q. Discuss how a robust network of Free Trade Agreements (FTAs) can facilitate India's integration into global value chains while ensuring domestic industrial competitiveness.
Dimensions to cover in your answer
- Value chain integration: Balancing domestic manufacturing protections with the need for global supply chain participation
- Sub-national execution: Addressing the gap between central trade policy formulation and state-level infrastructure/logistics implementation
Keywords: Global Value Chains · Market Access · Export Competitiveness · Trade Strategy · State-level Implementation
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