Industry heavyweights are celebrating the India-EU FTA as a pivotal moment that could reshape India’s export destiny. With $75 billion in fresh opportunities on the table, sectors like apparel, footwear, fish, and gems are set for explosive growth via $33 billion in favored access.
CII chief Chandrajit Banerjee underscores its role as a cornerstone of India’s global trade strategy. Linking economies that represent 25% of world GDP, the deal amplifies bilateral partnerships between leading democracies.
Banerjee highlighted how it sharpens India’s competitive blade in Europe’s lucrative arenas, solidifying spots in global value chains while spurring investments and tech transfers for producers and service firms alike.
Key wins include robust support for labor sectors and MSMEs, plus dynamic talent mobility—paving a path to sustainable, equitable progress in line with the 2047 developed India blueprint.
FICCI’s Anant Goenka views the EU as India’s biggest FTA prize, flinging open gates to manufacturing might, supply chain depth, and export supremacy in high-stakes fields.
Dr. Ranjeet Mehta of PHDCCI envisions 35-45% export leaps to Europe within five years. Expect 8-12% yearly pharma surges and 7-10% for engineering wares via integrated EU chains.
This cocktail of duty cuts, investment safeguards, and geographic tags recasts India as a premium value architect. The FTA isn’t just trade—it’s a launchpad for India’s economic superpower journey.