India-EU Pact: Rs 6.4 Lakh Crore Boost for Farmers, MSMEs, and 12 States

• The India-EU Free Trade Agreement is projected to boost Indian exports to the EU by Rs 6.4 lakh crore, opening markets for MSMEs, farmers, and professionals.
• The pact eliminates 9,425 tariff lines, enhancing opportunities for labor-intensive sectors like textiles, apparel, leather, gems & jewellery, and agriculture exports.
• Twelve key states, including Maharashtra, Gujarat, Tamil Nadu, and Uttar Pradesh, are expected to benefit significantly from the FTA.
• Specific clusters like Ichalkaranji (garments), Pune (engineering/pharma), Surat (textiles/diamonds), Tiruppur (apparel), and Kanpur/Agra (leather) will see direct demand expansion.
• The agreement aims to integrate Indian manufacturing and services hubs into EU supply chains, supporting jobs and economic growth across various sectors.

Why It Matters: The India-EU FTA promises a massive Rs 6.4 lakh crore export boost, benefiting farmers, MSMEs, and 12 states.