Prime Minister Narendra Modi has labeled the India-EU Free Trade Agreement a pivotal milestone, one that will reshape India’s economic landscape by broadening market horizons and fostering job creation across multiple sectors.
The announcement came via an official post on X, referencing Union Minister Piyush Goyal’s comprehensive write-up on the deal. This FTA embodies the blueprint for Viksit Bharat, India’s journey toward becoming a developed nation.
Commerce Minister Piyush Goyal described the pact’s finalization as a historic feat, worlds apart from the hasty deals of the previous UPA government. Back then, India frequently sacrificed more than it secured, but this agreement flips the script.
Goyal underscored how the FTA will bolster India’s vital economic pillars and drive sustained prosperity. Guided by PM Modi’s visionary leadership, it safeguards national priorities while unlocking global markets, spurring employment, and fueling growth.
Dismissing Congress’s critiques, Goyal defended the deal as a balanced, win-win arrangement. It promises to invigorate India’s economy, paving the way for expansive opportunities for enterprises and everyday citizens.
PM Modi elaborated that this landmark accord will deepen economic bonds between India and Europe, create pathways for citizens, and cement a robust partnership aimed at shared prosperity. Being India’s biggest FTA ever, it delivers tangible gains for 1.4 billion Indians.
The pact eases European market entry for Indian farmers and MSMEs, ignites fresh prospects in manufacturing, and enhances service sector synergies. This is more than a trade deal—it’s a catalyst for India’s global economic ascent.