Overview
- Prime Ministers Narendra Modi and Christopher Luxon announced the deal's conclusion, creating a framework to lower trade frictions and expand market access.
- Analysts highlight provisions to streamline rules and address non-tariff measures and regulatory divergence that have raised costs for smaller firms and investors.
- Reporting projects bilateral trade could reach about $5 billion in the next few years and roughly $20 billion in investment could flow over 15 years.
- Domestic debate in New Zealand focuses on limited dairy access to India and on labour mobility terms, factors that could shape rollout.
- The agreement is positioned to support Indo-Pacific supply-chain diversification and to broaden collaboration into agritech, bio-based industries, clean energy and services.