The European Union has been in discussions with Indian authorities regarding a new free trade agreement, following the recent tariffs imposed by the United States under Donald Trump. This proposed deal has been referred to as the “mother of all deals,” highlighting the potential for substantial financial benefits for both India and Europe once it is finalized.
Addressing the nation today, Prime Minister Narendra Modi briefly spoke about the significance of this free trade agreement.
PM Modi stated, “Manufacturing will get a huge boost from this trade deal with the EU, and the services sector will also expand. The Free Trade Agreement will instill confidence in every investor and businessman to invest in India.”
He also touched upon the much-anticipated discussions regarding reduction in car prices, noting that significant progress is expected once the agreement is signed. In addition, the deal is expected to bring substantial European investments to India, particularly in the energy sector, further strengthening bilateral economic ties.
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