‘Mother of all deals’“Today, India has concluded the largest Free Trade Agreement in its history,” Mr. Modi said in his statement. What India gainsAccording to the Ministry of Commerce and Industry, India has gained tariff reductions across 97% of tariff lines, covering 99.5% of trade value. On services, the EU has agreed to commitments across 144 services subsectors, including IT/ITeS, professional services, education, and other business services. What India has concededOverall, India is offering duty elimination and reductions on 92.1% of the tariff lines, which comprises 97.5% of the EU exports to India. On services, India has agreed to open up 102 subsectors covering EU priorities such as professional, business, telecommunications, maritime, financial, and environmental services.

Source: The Hindu January 27, 2026 20:05 UTC