At the NCC rally in New Delhi, Prime Minister Narendra Modi on Wednesday positioned the India-EU Free Trade Agreement as a pivotal force multiplier for India’s economic ambitions. Hailed universally as the ‘Mother of All Deals,’ this comprehensive pact promises to elevate ‘Make in India’ and ‘Make for the World’ to unprecedented levels, offering India’s youth boundless ‘Freedom to Aspire.’
The Prime Minister detailed the deal’s stature, linking it to a quarter of global GDP and a third of world trade. He referenced prior successes with FTAs alongside Oman, New Zealand, Britain, UAE, Australia, and Mauritius—milestones that have already generated vast employment landscapes for millions.
Spanning 27 EU countries, the agreement turbocharges Indian startups with superior funding channels and collaborative ecosystems. It nurtures the creative economy, from Bollywood and gaming to fashion, digital content, music, and design. Parallel growth awaits in R&D, academia, IT services, and sundry professions.
Its profundity earns it the ‘game-changer’ moniker, with benefits spanning self-reliance drives, manufacturing surges, and export revolutions. Over 99% of India’s exports face zero or minimal tariffs, revitalizing textiles, leather, jewelry, footwear, engineering, and MSME sectors. Traditional artisans and small-scale producers now tap into Europe’s lucrative 27-country marketplace.
Foreign direct investment will cascade in, birthing manufacturing hubs in electronics, chemicals, pharma, and more, while agri-processing, fisheries, and food sectors secure stable demand. This creates ripple effects for farmers, coastal communities, and rural entrepreneurs. Most excitingly, young Indians gain seamless entry to Europe’s expansive job ecosystem across the continent.