India Set to Launch Multiple Free Trade Agreements in Coming Months

India is gearing up to introduce several free trade agreements (FTAs) in the near future, with Commerce Minister Piyush Goyal announcing that at least two to three FTAs will be implemented within the next six months. This follows the recent activation of the Oman-FTA. Goyal emphasized the importance of long-term investments and highlighted India's successful navigation of global energy challenges, ensuring a stable supply of essential fuels. With nine FTAs finalized in recent years, the country is set to further expand its trade agreements, aiming for significant economic growth and stability.

By Narendra Chaudhary Jun 4, 2026, 16:50 IST

India's Upcoming Free Trade Agreements

A file image of Commerce and Industry Minister Piyush Goyal (Photo: @businessline/X)

New Delhi, Jun 4: According to Commerce and Industry Minister Piyush Goyal, India is poised to implement at least two to three free trade agreements (FTAs) within the next six months, with an additional three to four expected to take effect in 2027.

During a virtual address at the Citi India Conference 2026 held in Mumbai, Goyal announced that the Oman-FTA commenced on June 1, and more substantial FTAs will soon follow.

He highlighted that over the past three and a half years, India has successfully finalized nine FTAs, including agreements with Mauritius, New Zealand, the UAE, Australia, Oman, the EFTA bloc, the UK, the European Union, and the US.

Goyal further stated that within the next year, India aims to execute at least three or four more significant FTAs, alongside the implementation of all nine agreements within the next nine to ten months.

He encouraged industries to invest in long-term capital, emphasizing that early investments would yield the best returns.

Addressing the ongoing crisis in West Asia, Goyal noted India's adept handling of the global energy situation in recent months.

Despite global inflation challenges, India has managed to keep inflation in check, he remarked.

Goyal explained that while the world was concerned about an energy crisis due to reliance on the Gulf region and the Strait of Hormuz, India effectively diversified its energy sources, ensuring a steady supply of petrol, diesel, aviation fuel, LNG for factories, and LPG for households.