Israel FTA: Scale of Indian goods trade unlikely to increase sharply

WITH both India and Israel reinstating their efforts to start negotiating a free trade agreement (FTA), Indian exporters across sectors like electronics and mechanical appliances, gems and jewellery, pharmaceuticals are likely to get the opportunity to tap their export market.

- PUSHPITA DEY @New Delhi

Bilateral merchandise trade remains modest at $3.6 billion, with Indian exports to Israel at $2.145 billion in 2024-25, as per the data of the Ministry of Commerce. India accounts for just 2.3% of Israel’s total imports of $91.87 billion. Some of the top export items from India to Israel include precious or semiprecious stones, electrical machinery and equipment, and nuclear reactors.