India-EU Trade Deal: Textiles to Electronics Set for Massive Export Boost

• India and the EU signed a historic trade deal on January 27, granting 99% of Indian shipments preferential entry into the EU market.
• The agreement is expected to significantly boost labor-intensive sectors like textiles, leather, marine products, and jewelry, with an estimated $75 billion in exports.
• Key sectors such as textiles, leather, electronics, gems and jewelry, chemicals, pharmaceuticals, engineering goods, and agriculture-linked exports will see tariffs drop to zero or significantly reduced.
• The deal will benefit major manufacturing and export hubs across India, including Tiruppur, Surat, Pune, Mumbai, Jaipur, Bharuch, Bengaluru, and Visakhapatnam, creating jobs and fostering industrial growth.
• It aims to reinforce "build-in-India" supply chains, strengthen MSME linkages, and enhance India's competitiveness in the global market.

Why It Matters: The India-EU trade deal will unlock massive export opportunities and industrial growth across key sectors.