New Delhi, April 20 -- The share of Free Trade Agreement (FTA) partners in India's trade has risen sharply to 28.8 per cent in 2024, highlighting a structural shift in the country's trade composition, even as concerns remain over export concentration in sectors such as gold and platinum jewellery, according to NITI Aayog's latest "Trade Watch Quarterly" report.

"FTA partners have emerged as a key driver of India's trade integration in value chains," the report said. It added that "India's trade composition has undergone a significant transformation, with the share of FTA partners rising from 4.6% in 2006 to 28.8% in 2024," indicating a clear reorientation of trade flows.

However, the report flagged risks arising from limited diversifica...