India-EU Seal 'Biggest FTA': What Gets Cheaper, Who Benefits?

• India and the European Union have concluded negotiations for their largest-ever Free Trade Agreement (FTA), marking a historic moment for both.
• Prime Minister Narendra Modi highlighted the deal as a "blueprint for shared prosperity" with 27 European nations, aiming to boost investment, innovation, and global supply chains.
• The FTA, after talks spanning since 2007, will significantly cut tariffs on over 90% of EU goods, including automobiles, machinery, chemicals, pharmaceuticals, and luxury items.
• Indian consumers can expect cheaper European cars (Volkswagen, BMW, Mercedes-Benz), alcohol (wine, spirits, beer), olive oil, and certain food products like biscuits and chocolates.
• The deal creates a combined market of nearly two billion people, representing 25% of global GDP, offering diversification from traditional partners and strengthening India-EU ties.

Why It Matters: India and the EU finalize their largest FTA, promising cheaper European goods for India and vast market access for the EU.