India-EU FTA: 'Landmark Agreement' to Boost MSMEs and Labour-Intensive Sectors

PM Narendra Modi and EU's Ursula von der Leyen Attend India-EU Business Forum

On this Special Report, India Today’s Aishwarya Chetan and Business Today’s Chetan Bhutani analyze the landmark India-EU Free Trade Agreement (FTA) following a high-level meeting at Bharat Mandapam. Aishwarya Chetan describes the pact as the 'mother of all deals,' noting that it serves as a 'safe mechanism' against global trade volatility and tariff pressures. The discussion highlights that while the agreement has been concluded, full implementation is expected by early 2027. Chetan Bhutani outlines the key sectors set to benefit, including banking, finance, shipping, and the food and beverage industry, while noting that dairy and agriculture remain protected for India. The forum, attended by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen, aims to facilitate smooth implementation by engaging private enterprises and reducing red tape. The reporters emphasize that the partnership strengthens India’s position as a primary trading partner alongside the US, providing economic stability amidst shifting global orders.