India and New Zealand have signed a landmark free trade agreement (FTA) that allows India duty-free access on 100% of tariff lines, significantly boosting exports from labor-intensive sectors such as textiles, leather, and processed foods. The agreement, described as a 'once-in-a-generation' deal, includes a commitment from New Zealand for $20 billion in foreign direct investment over the next 15 years. Prime Minister Narendra Modi emphasized that the FTA will benefit various sectors, including agriculture, manufacturing, and technology, paving the way for enhanced cooperation between the two nations. The FTA aims to double bilateral trade in goods and services to $5 billion within five years. It also introduces a temporary employment visa pathway for 5,000 Indian professionals and facilitates student mobility with extended post-study work opportunities. The agreement is expected to be implemented by the end of the year, pending approval from the New Zealand Parliament.