New Delhi, July 30 -- India's merchandise exports to countries covered under its recent free trade agreements (FTAs) could reach USD 1 trillion by 2035, according to a new report by industry body ASSOCHAM, which said the agreements have opened up significant opportunities for Indian exporters in some of the world's largest markets.

The report, 'India's Recent FTAs: Trillion-Dollar Export Opportunities', estimates that merchandise exports to nine recent FTA partner countries could rise from USD 233 billion in 2025 to nearly USD 511 billion by 2030, before reaching around USD 1 trillion by 2035. The report attributes the growth to increased market access, stronger manufacturing capabilities and better utilisation of trade agreements.

Acco...