PM Modi Hails India-EU FTA as 'Mother of All Deals'

• Prime Minister Narendra Modi described the India-European Union Free Trade Agreement (FTA) as the "Mother of All Deals," set to be signed today.
• The historic agreement, which covers 97-99% of sectors, aims to strengthen trade relations and is expected to come into effect early next year.
• PM Modi stated the FTA would complement the India-UK trade agreement, boosting manufacturing and allied service sectors.
• The agreement will open new opportunities for people in India and Europe, strengthening economic integration and covering 25% of global GDP.
• It includes duty-free or preferential access for Indian exporters in labor-intensive sectors, while sensitive sectors like agriculture and dairy are excluded to protect domestic industries.

Why It Matters: India-EU FTA, dubbed 'Mother of All Deals' by PM Modi, promises significant economic integration and growth.