Archive · 29 Sep 2025
India to Enact EFTA Trade Pact, Pursues Global Agreements
India is starting a new trade agreement with EFTA, which includes Switzerland, Norway, and other countries, starting October 1.
India is also talking with many other countries, like the US and EU, to make more trade deals.
These agreements aim to help India’s economy grow by making it easier to trade with other nations.
India has a lot of money saved up now, and the economy is growing well.
The goal is to make the economy even stronger through these trade partnerships.
India's FTA with EFTA comes into effect on October 1.
The EFTA deal includes Switzerland, Liechtenstein, Norway, and Iceland.
India is negotiating trade agreements with 27 countries.
India’s foreign exchange reserves are USD 700 billion.
India's GDP grew 7.8% in the last quarter; inflation is at 2%.
- Who
- India and various countries
- What
- Implementation of EFTA trade pact and ongoing trade negotiations
- When
- EFTA pact effective October 1; ongoing negotiations
- Where
- India and countries involved in trade talks
- Why
- To foster economic growth
Economic Benefits
Economic Challenges
Market Access
Economic Benefits
Increased market access, leading to potential export growth.
Economic Challenges
Increased competition for domestic industries.
Economic Growth
Economic Benefits
Potential for economic growth through increased trade and investment.
Economic Challenges
Increased vulnerability to external economic shocks.
- EFTA Agreement Effective
- October 1
- EFTA Countries
- Switzerland, Liechtenstein, Norway, Iceland
- Trade Agreements Under Negotiation
- 27 countries, including the US and EU
- India's Foreign Exchange Reserves
- USD 700 billion
- India's GDP Growth (Last Quarter)
- 7.8%
- India's Inflation
- 2%
Sources
India-UAE economic partnership drives growth with rising trade and strategic investments
India's FTA With Europe To Come Into effect From October 1: Piyush Goyal
India’s real GDP growth projected to grow at 6.7 pc this fiscal: Report
India’s real GDP growth projected to grow at 6.7 pc this fiscal: Report
FTA talks going on with several countries, including US: Goyal
FTA with EFTA bloc to begin October 2025; India eyes new pacts with US, EU: Piyush Goyal
FTA Talks Going On With Several Countries, Including US: Union Minister Piyush Goyal
India to operationalize first trade pact with EFTA bloc from October 1: Piyush Goyal
Piyush Goyal says trade talks with US are ongoing, but it's not the only deal India is negotiating