On this special broadcast, Gaurav Sawant reports on the historic signing of the India-European Union Free Trade Agreement (FTA) on 27 January. Described by European Commission President Ursula von der Leyen as the ‘mother of all deals,’ this pact connects the world’s second and fourth largest economies, creating a market of two billion people. Prime Minister Narendra Modi stated the agreement provides preferential access for India’s gems and jewellery sector while benefiting farmers and small businesses. The deal focuses on human resource exchange, technology transfer in semiconductors and AI, and a security and defence partnership. Experts including Professor Brahma Chellaney and Siddharth Zarabi discuss how the FTA serves as a democratic counterweight to China and reduces dependence on United States trade policies. Bilateral trade, currently valued at 180 billion euros, is expected to grow through cooperation in clean energy and digital governance. Additionally, the agreement is projected to lower prices for European luxury cars as import duties are systematically revised.
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