India-EU FTA: Tech, Auto, Manufacturing Set for Major Boost, Say Industry & Agencies

• India Inc and rating agencies welcome the India-EU FTA as a strategic milestone, strengthening trade, investment, and technology ties.
• The pact, finalized on January 27 and operational by 2027, aims to boost manufacturing, services, mobility, and market access.
• Indian consumers will benefit from cheaper imported alcohol, food, and industrial equipment, while Indian textiles, auto, and marine goods gain duty-free access to Europe.
• Mahindra Group CEO Dr. Anish Shah highlights the FTA's "next wave of economic impetus" for India, particularly benefiting the auto sector with duty-free access and attracting European OEM investments.
• Moody's Ratings sees the FTA as credit-positive, enhancing India's export competitiveness, while NASSCOM expects gains for Indian tech firms through lower non-tariff barriers and improved professional mobility.

Why It Matters: The India-EU FTA is hailed as a game-changer, poised to significantly boost India's tech, auto, and manufacturing sectors.