India-EU FTA: New Markets, Geopolitical Hedge for IT Exporters, Says Nasscom

• Nasscom applauds the India-EU Free Trade Agreement, highlighting its benefits for the Indian technology services industry.
• The FTA is expected to open new markets in the EU, provide rules-based predictability, and lower non-tariff barriers for cross-border delivery.
• It diversifies markets for Indian IT exporters, offering a hedge against global trade uncertainties and strengthening India's position in digital services.
• The agreement aims to enable Social Security Agreements with EU Member States and foster deeper ties in technology, innovation, and digital areas.
• Potential outcomes include increased EU investment in India's IT ecosystem, joint ventures, R&D in AI, semiconductors, clean tech, and job creation.

Why It Matters: The India-EU FTA offers significant market diversification and a hedge against geopolitical risks for Indian IT.