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For the first time in the history of India, 5 trade deals in a year, sharing of more than 50% in global GDP.

Summary

5 big trade deals in a year New Delhi: This is the first time in the economic history of India that the country has signed two major trade agreements within a few days. If we talk about the whole year, India has made five such trade deals, whose total share in global GDP is more…

By Ronit Sharma
Feb 03, 2026, 3:13 PM IST
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For the first time in the history of India, 5 trade deals in a year, sharing of more than 50% in global GDP.

5 big trade deals in a year
New Delhi: This is the first time in the economic history of India that the country has signed two major trade agreements within a few days. If we talk about the whole year, India has made five such trade deals, whose total share in global GDP is more than 50%. The latest trade deal has been announced with America, which had been a major cause of tension between the two countries for the last few months. The US is India’s largest trading partner, accounting for about 20% of India’s total exports in the last financial year (2025) and 6.3% of our imports.

Historic trade deal between India and America

US President Donald Trump spoke to Prime Minister Narendra Modi on phone late Monday night and reduced the tariff on Indian goods from 25% to 18%. Not only this, according to the report of ET, the additional 25% tariff imposed by America on buying oil from Russia is also being abolished. This is a huge success for India, because America is our biggest trading partner, it is the biggest importer of our goods and 20% of India’s goods are supplied there. Talks on a bilateral trade agreement were going on between the two countries since the beginning of Trump’s current term, under which the target is to take the current $191 billion trade to $500 billion by 2030.

India’s fifth trade deal in a year

Just a few days ago, India and the European Union have also approved the Free Trade Agreement (FTA). In this way, this is the first time in the economic history of India that it has signed a trade treaty with the two largest business groups of the world. In this way, within the last one year, India has completed five trade deals. Before America and European Union, India has also signed trade deals with Britain (UK), Oman and New Zealand.

More than 50% share in global GDP

If we look broadly at the share in the global GDP of 2025, it would be 50% to 55% including India, America, European Union (comprising 27 countries), UK, Oman and New Zealand. If we add the share of European Union and India alone in the global GDP, it is around 25%. The trade deal with America is even more special in the sense that now the American tariff imposed on countries like Bangladesh (20%), Vietnam (20%) and Thailand (19%) is more than that on India.

India’s participation in a large part of global trade

America is the largest economy in the world, European Union is the second largest economy (if China is left alone) and India is the fourth largest economy. Britain has been included in the top five economies till recently. In this way, a large group of influential economies of the world are now strongly linked commercially with India. If we look at the share of all these in global trade, it is around 38 to 40%.

There are already trade treaties with many countries

Apart from these, India already has Regional Trade Agreement and Free Trade Agreement with many countries. These include countries like Japan, South Korea, ASEAN region countries, SAARC countries, Mauritius, United Arab Emirates and Australia.

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