India seals trade pact with New Zealand, gets tariff-free access to markets

India and New Zealand have inked a free trade agreement, aiming to double bilateral trade within five years. This pact grants India tariff-free access to New Zealand’s markets for key sectors like textiles and engineering goods. New Zealand also pledged $20 billion in investment, while India offered market access on over 70% of tariff lines, excluding sensitive products like dairy.