India and New Zealand are set to sign the Free Trade Agreement (FTA) on Monday, April 27, the country's Prime Minister Christopher Luxon announced on Friday. The two countries concluded the negotiations for the pact on December 22 last year, with the goal of doubling bilateral trade to $5 billion over the next five years. This marks one of the fastest trade deals sealed by New Delhi, which was initiated in March 2025, and concluded within nine months. Prime Minister Narendra Modi and Luxon jointly unveiled the agreement, describing it as comprehensive, balanced and future-oriented.