EU-Mercosur Fallout: India Eyes $5 Billion Export Boost with EU Trade Deal

• India could gain competitiveness in nearly $5 billion worth of trade due to the EU-Mercosur bloc fallout.
• New Delhi is in advanced discussions to finalize its own free trade deal with the European Union.
• Significant opportunities exist in agricultural and food products, especially frozen shrimp ($525 million) and grapes ($131 million).
• Labor-intensive manufacturing sectors like garments, leather goods, and light engineering could also benefit.
• Chemicals and industrial intermediates offer another area for Indian suppliers due to evolving EU environmental standards.

Why It Matters: The EU-Mercosur fallout creates a timely $5 billion export opportunity for India, especially with its pending EU trade deal.