FTA to be a 'game changer' for India's economic future: Mercedes-Benz India CEO

• Santosh Iyer, MD and CEO of Mercedes-Benz India, states FTAs are transformative catalysts for India's economic future, enabling deeper collaboration with developed markets.
• He emphasizes FTAs are not just about duty reduction but about open borders and India's participation in developed economies.
• Iyer highlights India's globally competitive automotive ecosystem, particularly in auto components, with positive trade balance to Europe.
• FTAs could accelerate capital expenditure inflows and sustain growth by offering clearer investment protection for European companies.
• India's consumer-led growth model differs from China's state-led approach, with significant long-term potential despite lower car penetration.