Indian businesses should make greater use of free trade agreements (FTAs) and the Export Promotion Mission to expand global market access and increase shipments, according to Sanjay Budhia, Chairman of the CII National Committee on Exports.

Budhia said India’s cumulative exports reached an estimated $476.20 billion during April–September 2026, marking a 13.84% year-on-year increase. He highlighted the growing competitiveness of Indian industries, particularly electronics, engineering goods, chemicals and textiles.

He also stressed the importance of helping micro, small and medium enterprises (MSMEs) benefit from trade agreements. Better use of these opportunities could help businesses build international partnerships and reach new markets.

India has finalised eight free trade agreements over the past five years. Trade pacts with Mauritius, the UAE, Oman, Australia, the European Free Trade Association (EFTA) and the United Kingdom have been implemented, according to the report. The agreement with New Zealand is scheduled to take effect on October 20, 2026, while an agreement with the European Union is expected to be signed in December.

India’s merchandise exports also recorded strong growth in September. Shipments rose 23% year-on-year to $44.4 billion, compared with $36.08 billion in September 2025. Merchandise exports during April–September reached $259.89 billion, an increase of 18.51%.

Meanwhile, services exports showed mixed performance. Estimated services exports fell 0.87% year-on-year to $36.35 billion in September. However, cumulative services exports increased to $216.31 billion during April–September 2026–27, compared with $199.02 billion a year earlier.

The Global Trade Research Initiative (GTRI) also highlighted emerging challenges for India’s services sector. Generative AI tools and automated workflows are putting pressure on billing hours and contract sizes in some traditional IT and business process outsourcing services.

Budhia’s remarks underline the need for Indian businesses to use trade agreements effectively, improve competitiveness and diversify export markets. Greater participation by MSMEs could further support India’s export ambitions and strengthen its position in global trade.