India-EU FTA: Moody's Maps Winners and Losers in 'Mother of All Deals'

• Moody's Ratings states the India-EU FTA will be credit positive for India, boosting manufacturing, attracting foreign investment, and enhancing export competitiveness.
• The deal, dubbed 'mother of all deals', grants 93% of Indian shipments duty-free access to the EU, while luxury cars and wines from the EU become cheaper in India.
• The FTA creates a market of 2 billion people, linking India (world's 4th largest economy) with the EU (2nd largest economic bloc).
• India will gain zero-duty access for over 93% of its goods (excluding auto and steel) in the EU, with tariff reductions on the rest.
• EU will get duty-free access for over 90% of its goods in India over ten years, including automobiles, wines, and processed foods, with duties on imported cars from Europe expected to drop significantly.

Why It Matters: The India-EU FTA is a credit-positive 'mother of all deals' for India, boosting exports and attracting investment.