India-EU Mega Trade Deal: A Game Changer for 2 Billion People

• India and the EU concluded a mega Free Trade Agreement (FTA) on January 27, connecting over two billion people and representing nearly a quarter of global GDP.
• Dubbed "the mother of all deals" by leaders, this FTA is India's largest-ever trade deal and provides economic insurance against global fragmentation.
• The deal, in the making for two decades, will see the EU drop tariffs on 99.5% of Indian exports, while India offers concessions on 97.5% of EU imports.
• Key benefits for India include zero tariffs on marine products, textiles, pharmaceuticals, and gems, while the EU gains reduced tariffs on cars, wine, and machinery.
• The FTA aims to boost bilateral trade to $200-250 billion by 2030, enhance supply chain diversification, and facilitate the movement of Indian professionals to the EU.

Why It Matters: The India-EU FTA is a historic agreement set to transform trade, boost economies, and strengthen strategic ties.