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Key Points

6 points
1

India’s free trade agreements cover about 76 percent of the world’s gross domestic product.

2

Telangana aims for a $3 trillion economy by 2047.

3

The government will establish free trade help desks in every district.

4

A new industrial smart city will offer plug‑and‑play land for factories.

5

GI‑tagged agricultural products can fetch premium prices in overseas markets.

6

The minister encourages development of advanced sectors such as aerospace, artificial intelligence, and quantum computing.

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Summary

India’s free trade agreements now give preferential market access to about 76 percent of the global gross domestic product, covering many developed countries.

Telangana’s goal is to grow its economy from roughly $200 billion to $3 trillion by 2047, and the minister said this can be achieved through cooperation between the central and state governments, businesses, and innovators.

Key projects such as the Zaheerabad Industrial Smart City and the Kakatiya Mega Textile Park are intended to provide ready‑to‑use industrial land and boost manufacturing.

The minister highlighted the export of GI‑tagged Tandur red gram to Australia as an example of how small producers can benefit from free trade agreements.

Suggestions include creating free trade help desks in each district, supporting high‑value pharmaceutical products, and promoting advanced technologies like artificial intelligence and quantum computing.

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New Words to Learn

10 words
free trade agreement
A pact between countries that lowers taxes and rules for buying and selling goods.
gross domestic product
The total value of everything a country produces in a year.
International Monetary Fund
A global group that helps countries keep their economies stable.
GI‑tagged
A special label that shows a product comes from a particular region and meets certain quality standards.
plug‑and‑play
Ready to be used immediately without extra preparation.
artificial intelligence
Computer programs that can think and learn like humans.
quantum computing
A new type of computer that can solve very hard problems much faster.
precision engineering
Making very exact and detailed parts for machines.
biosimilar
A medicine that works like an existing drug but is made by a different company.
decriminalisation
Changing a law so that a small wrongdoing is no longer a crime.
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