On this special broadcast, Siddharth Zaravi, Group Editor of Business Today, joins Gaurav Sawant to decode the landmark India-European Union trade agreement announced at Davos. Zaravi describes the pact as a ‘momentous development’ and compares its significance to the 1991 economic reforms that opened India to the world. He emphasizes that the timing of the announcement by EU Commissioner Ursula von der Leyen serves as a strategic signal to the United States. The discussion highlights that India has made significant concessions, including opening up the automobile sector with lower duties for up to 250,000 units, while protecting sensitive areas like dairy and agriculture. Foreign Affairs Editor Geeta Mohan adds that the deal involves 27 member states, making it the ‘mother of all deals’ in terms of scale and economic impact. The experts note that while the implementation may take six to eight months, the agreement marks a major shift in India’s global trade engagement.
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