In a resounding endorsement, Prime Minister Narendra Modi has proclaimed the India-EU Free Trade Agreement (FTA) as a game-changing accord that will expand India’s trade frontiers and generate substantial employment opportunities nationwide.
Shared through the PMO’s X handle, Modi’s statement drew attention to Union Commerce Minister Piyush Goyal’s in-depth analysis of the historic agreement. Perfectly attuned to the vision of a developed India, this deal sets the stage for remarkable progress.
Goyal hailed the FTA’s culmination as an extraordinary accomplishment, starkly different from UPA-era negotiations marred by haste and lopsided concessions that disadvantaged India repeatedly.
The minister detailed how this pact will reinforce India’s economic strongholds and amplify prosperity. Thanks to PM Modi’s astute guidance, it places India’s interests front and center, broadening markets, birthing jobs, and propelling GDP growth.
Countering Congress’s objections head-on, Goyal portrayed the FTA as inherently reciprocal and advantageous, set to supercharge economic expansion and unlock doors for businesses and individuals across the spectrum.
Modi stressed that the agreement fortifies economic relations, opens doors for the populace, and solidifies India-Europe ties for a thriving tomorrow. As the nation’s most ambitious FTA, it brings real value to 1.4 billion people.
Key beneficiaries include farmers and small enterprises gaining smoother access to EU markets, alongside burgeoning manufacturing opportunities and deepened services cooperation. This FTA heralds a prosperous new chapter in India’s trade story.