Tuesday brought transformative news from New Delhi: Prime Minister Narendra Modi unveiled the India-EU Free Trade Agreement, framing it as a fresh blueprint for mutual prosperity involving Europe’s 27 nations—India’s grandest FTA yet. This strategic pact transcends trade, aiming for holistic economic elevation.
It simplifies market access for India’s farmers and MSMEs in Europe, fuels manufacturing growth, and cements services cooperation. Investments will flow freely, innovation partnerships will flourish, and supply chains will gain robustness on the world stage.
PM Modi highlighted alignment on global norms, multilateralism, and reforms to institutions facing today’s trials. Tri-lateral initiatives will stretch across regions like the Indo-Pacific and Caribbean, boosting sustainable agrotech, green energy, and female-led development.
Amid 80 billion euros in annual trade and 800,000 Indian expatriates in Europe, this ‘mother of all deals’—forged over a decade—promises benefits for 2 billion individuals and a quarter of planetary GDP, marking the dawn of collaborative triumph.