India-EU Trade Deal: PM Modi Hails Historic FTA, Calls it Blueprint for Shared Prosperity

• PM Modi announced the India-EU Free Trade Agreement (FTA) as India's largest trade deal to date, signed with 27 European countries on January 27.
• He emphasized that the FTA is a blueprint for shared prosperity, aiming to boost investment, foster innovation, and strengthen global supply chains.
• The agreement is expected to benefit Indian farmers and MSMEs, create new manufacturing opportunities, and enhance economic cooperation between India and the 27-nation bloc.
• PM Modi highlighted increased cooperation in strategic technology, clean energy, digital governance, defense, security, and counter-terrorism.
• The deal, announced at the 16th India-EU Summit, is seen as bringing stability to a turbulent global order and marking the beginning of a new era.

Why It Matters: India and the EU signed a historic FTA, hailed by PM Modi as a blueprint for shared prosperity and global stability.