The India-EU Free Trade Agreement marks a pivotal moment in international commerce, with experts praising its potential to transform India’s economy. Former textiles council chairman Dr. Sanjeev Sarn called it ‘historic’ and ‘outstanding,’ highlighting India’s rock-solid political foundation and governance excellence.
In textiles and apparel, India’s intrinsic capabilities shine brightest, Dr. Sarn explained. This FTA delivers immediate relief from rival tariffs, unlocking enormous markets, new capital inflows, joint ventures, and job explosions.
Every aspect screams advantage, he stressed, with a fair exchange that favors labor-intensive powerhouses like garments, leather, gems, and jewelry. Zero duties into the EU will sharpen India’s competitive edge, fueling organic employment growth.
Finalized January 27 after marathon talks since 2007—halted in 2013, revived in 2022—this mega-deal unites giants representing 2 billion people and a fourth of global GDP. Tariff reductions hit 99%+ for EU on Indian imports and 93-96.6% vice versa.
As India leverages its stability and strengths, this agreement heralds an era of prosperity. Exporters anticipate record shipments, investors eye opportunities, and workers stand to gain millions of jobs, cementing India’s rise on the world stage.