India-EU Free Trade Agreement: A Deal or Disappointment? | R.N Bhaskar Explains Europe’s Need
The “mother of all deals” has been delivered by India and the European Union. Negotiations on the India–EU trade deal began in 2024 and have now wrapped up with the signing of the accord. India and the EU together represent about a quarter of the world’s GDP, and this agreement is anticipated to significantly impact exports, jobs, supply chains, and industrial competitiveness. India’s textiles and apparel exports are primarily directed to the USA, with the European Union serving as the second-largest destination. The FTA addresses current global challenges and facilitates a deeper market integration between the 4th- and 2nd-largest economies in the world.
Due to the decline of the young population in Europe, the older generation is becoming dominant in the demographic structure, and thus Europe is no longer a demand-centric region.
#indiaeu #pmmodi #indiaeufta #indiaeutradedeal #ursulavonderleyen #europe #automobile #breakingnews #republictv
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