India-EU Sign Historic 'Mother of All Deals' FTA After 18 Years, Shaking Global Economy

• India and the European Union have signed a Free Trade Agreement (FTA) after 18 years of negotiations, dubbed the 'Mother of All Deals' by PM Modi.
• The agreement impacts 25% of global GDP, positioning India as a strong ally for the EU and a challenge to China and America's economic dominance.
• It covers 97-99% of sectors, benefiting Indian exporters in textiles, diamonds, jewelry, leather, and footwear, while liberalizing service sectors.
• Sensitive sectors like agriculture and dairy have been excluded to protect Indian farmers' livelihoods from cheap foreign products.
• India aims to become the world's largest oil refining hub and is pursuing over 10 more FTAs with countries like Oman, Peru, New Zealand, and Israel.

Why It Matters: India and the EU signed a landmark FTA, reshaping global trade and boosting India's economic influence.