Historic India-EU Trade Agreement: A Game-Changer

India and the EU have finalized a groundbreaking free trade agreement, representing 25% of the global GDP. This pact promises to enhance global trade, benefiting millions across India and Europe. The deal is anticipated to boost India's manufacturing and service sectors significantly.

In a major international development, Prime Minister Narendra Modi announced on Tuesday that India and the European Union have sealed a free trade agreement (FTA), a move that marks a significant milestone in global trade relations.

The agreement covers 25% of the global GDP and is being hailed as the 'mother of all deals', with vast potential benefits for both Indians and Europeans. Addressing the Indian Energy Week, Modi highlighted the opportunities this agreement unlocks for sectors like textiles, gems, jewelry, leather, and footwear.

He noted the FTA would synergize with existing agreements with Britain and the EFTA, further strengthening global trade networks and supply chains. The groundbreaking deal positions India's exports and services sector for robust growth while also enhancing the confidence of international investors in India's economic environment.