The FTA has been called thus because of the size of the economies, markets, and bilateral trade involved. The India-EU trade in services touched ₹7.2 lakh crore ($83.10 billion) in 2024. “The potential [of the EU FTA] on labour intensive sectors, where we’ve got huge wins, is about $35 billion. Also Read | Expanding network of FTAs supports India’s trade strategy: Economic SurveyWhat has India offered to the EU? WATCH | India–EU Free Trade Agreement explained: Biggest trade deal in India’s historyWhich sectors are kept out of the deal?

Source: The Hindu February 01, 2026 02:51 UTC