India and the European Union have concluded a landmark free trade agreement (FTA), marking a significant moment in India’s economic diplomacy. Tariff liberalisation spans nearly all Indian exports to the EU, including textiles, gems and jewellery, engineering goods, chemicals, pharmaceuticals and marine products. Indian engineering and manufacturing stand to gain from improved access and regulatory clarity, enabling firms to move up the value chain. Textiles and apparel gain preferential entry into one of the world’s largest consumer markets, while EU firms gain structured access to India’s fast-growing demand base. More than a commercial pact, it signals India’s readiness to play a central role in shaping the future architecture of global trade.

Source: The Telegraph January 31, 2026 02:28 UTC