A new chapter in India’s trade saga unfolds with the India-EU Free Trade Agreement, proclaimed a true game-changer by industry frontrunners. Potential exports ballooning to $75 billion spotlight labor-rich domains, granting $33 billion in prime EU entry for textiles, leather, seafood, and jewels.
As per CII insights, this landmark accord marks a tactical victory, cementing alliances between GDP giants sharing 25% of the global pie—two vibrant democracies charting economic synergy.
Director General Chandrajit Banerjee noted its power to elevate India’s market prowess in Europe, anchoring firms and services in world-class chains, and igniting investment-tech synergies.
The pact delivers for SMEs and job-centric industries, with talent mobility frameworks nurturing inclusive, competitive growth attuned to Vision 2047’s developed nation aspirations.
FICCI head Anant Goenka positions the EU as the ultimate FTA frontier—vast, high-value, and ripe for manufacturing expansion, chain linkages, and export dominance.
PHDCCI’s Dr. Ranjeet Mehta anticipates 35-45% EU export growth in half a decade, pharma at 8-12% annually, and engineering goods (machinery, equipment) at 7-10% amid supply fusions.
Melding tariff reliefs, investor protections, and GI nods, it transforms India into a value vanguard. This FTA promises enduring trade vitality and positions India as a global economic contender.