India-Europe 'Mother of All Deals' Finalized: What Each Side Gains

• After 18 years, India and Europe have finalized a major trade deal, reducing taxes on goods and services.
• Europe gains cheaper access for premium liquor, luxury cars, and easier entry for its service sector into India.
• India benefits from duty-free access for textiles, footwear, and leather products to Europe, boosting exports and job creation.
• The deal facilitates European defense manufacturing and technology sharing in India, enhancing India's self-reliance.
• India's pharma and chemical exports are set to increase, and relief from Europe's carbon tax on steel and aluminum is expected.

Why It Matters: The landmark India-Europe trade deal promises significant economic benefits and strategic advantages for both sides.