Prime Minister Narendra Modi addressed an enthusiastic NCC gathering in Delhi on Wednesday, spotlighting the freshly sealed India-EU Free Trade Agreement as a beacon of opportunity. Termed the ‘Mother of All Trade Deals,’ it champions ‘Make in India’ and global outreach, embodying true ‘Freedom to Aspire’ for the nation’s vibrant youth.
Modi underscored international buzz around the pact, a powerhouse representing 25% of global GDP and 33% of trade volumes. He wove it into India’s tapestry of FTAs with nations like Oman, New Zealand, UK, UAE, Australia, and Mauritius, all engineered to spawn job revolutions for crores of young Indians.
This 27-country EU alliance superfuels startups via enriched funding and networks, igniting creative domains including film, gaming, apparel, digital media, tunes, and aesthetics. It simultaneously pioneers frontiers in education, research, IT, and expert services.
The deal’s expansive, deep-rooted framework propels Atmanirbhar Bharat, manufacturing, and worldwide exports. Tariffs on 99%+ of Indian shipments drop to negligible levels, empowering textiles, leatherworks, ornaments, footwear, engineering, and SMEs. Weavers, handicrafters, and micro-entrepreneurs secure premium access to European bazaars.
Investment booms will erect advanced facilities in engineering, tech gadgets, pharma, chemicals, and production lines. Reliable outlets for farm produce, seafood processing, and edibles herald prosperity for agriculturists, anglers, and village youth. The FTA masterfully connects Indian talent to 27 European labor markets, forging a future of limitless potential.