India-EU FTA: The 'Mother of All Deals' Set to Transform Global Trade

• The India-EU Free Trade Agreement (FTA) is dubbed the 'mother of all deals' by European Commission President Ursula von der Leyen, signaling its immense significance.
• This FTA will create a free trade zone for nearly 2 billion people, representing almost 25% of the world's GDP, offering substantial economic opportunities.
• The agreement is expected to boost India's technology absorption under 'Aatmanirbhar' programs, double exports to Europe, and create significant employment.
• Agricultural products are excluded from the draft due to India's 'red lines' to protect its large farming population from subsidized foreign competition.
• The FTA's finalization is anticipated to accelerate the India-US interim trade agreement, further solidifying India's position in global value chains.

Why It Matters: The India-EU FTA is a landmark agreement poised to significantly boost India's economy, global standing, and trade relations.