On this special report, Prime Minister Narendra Modi highlights the transformative impact of the India-European Union Free Trade Agreement. Prime Minister Modi stated, ‘This will strengthen trade and global supply chains,’ while congratulating the youth and citizens on the milestone. The agreement aims to reduce tariffs, boost bilateral trade flows, and encourage higher trade volumes over the next 20 years. Key sectors such as textiles, gems and jewellery, pharma, and footwear are expected to benefit significantly from lower import duties. The deal also includes a strategic defence partnership focusing on maritime security, cyber security, and counter-terrorism. Correspondent Pranay Upadhyay explains that the ‘China plus one’ strategy is driving the EU to diversify its markets toward India, a ‘human resource rich’ nation. The partnership is projected to double service trade and create millions of jobs in both regions while shielding India’s sensitive agricultural sectors from foreign competition.
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