India-EU 'Mother of All Deals' Imminent: Historic Trade Agreement to Reshape Global Economy

• European Commission President Ursula von der Leyen announced a historic trade agreement with India, dubbed the 'Mother of All Deals', from the Davos stage.
• The agreement aims to create a market of 2 billion people, representing approximately a quarter of global GDP, giving Europe a first-mover advantage.
• Von der Leyen will visit India next week, potentially making the final announcement at the India-EU Summit on January 27, following her role as Chief Guest at Republic Day celebrations.
• This mega-deal is seen as a strategic move by Europe to reduce dependence on China and partner with India, a fast-growing economy.
• The agreement is expected to boost India's exports in textiles, leather, and footwear, and open more opportunities for Indian IT professionals in Europe.

Why It Matters: India and the EU are on the verge of a historic trade agreement, poised to significantly alter the global economic landscape.