New Delhi, Oct. 21 -- India's free trade agreement (FTA) with New Zealand, which came into force on October 20, coinciding with Vijayadashami, could open up opportunities for Indian exporters across sectors, including engineering goods, automotive components, textiles, leather and pharmaceuticals.

Commerce and Industry Minister Piyush Goyal described the agreement as a "Vijay" for both countries, highlighting the potential for stronger bilateral trade ties.

However, translating duty-free access into sustained export growth will depend on competitive pricing, regulatory compliance and reliable supply chains, according to Saurav Kumar, managing director of Protiviti's member firm for India.

India's merchandise exports to New Zealand stoo...