On this special report, the focus is on the landmark Free Trade Agreement signed between India and the European Union. Prime Minister Narendra Modi described the pact as the ‘mother of all deals’, stating it brings ‘huge opportunities for 140 crore Indians and crores of people in European countries.’ The agreement represents nearly 25% of global GDP and one-third of global trade, aimed at strengthening manufacturing and services. While the deal provides improved market access for Indian textiles, pharmaceuticals, and IT services, the Indian government has ensured that the sensitive agriculture and dairy sectors remain protected to safeguard the interests of local farmers. The pact is expected to significantly reduce import duties on European automobiles and luxury goods, while providing Indian exporters a vital alternative market amidst global trade disruptions and high US tariffs. Experts suggest the deal could boost Indian exports to the EU by $50 billion by 2031, reinforcing India’s position in the global supply chain.
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