• India and the European Union concluded a landmark Free Trade Agreement (FTA) at the 16th India-EU Summit in New Delhi.
• Global scale impact: The agreement covers 25% of global GDP and nearly one-third of global trade, underlining its strategic importance.
• The FTA is expected to come into force within a year, after ratification.
• Easier trade flows: Reduction and removal of multiple trade barriers will simplify the exchange of goods and services between India and the EU.
•  Over 99% of Indian exports by value will gain improved access to EU markets.
•  EU exports to India are expected to double by 2032.
•  Key beneficiaries include textiles, apparel, leather, footwear, marine products, gems & jewellery, handicrafts, engineering goods, and automobiles.
• Duties of up to 10% on nearly $33 billion worth of Indian exports will be brought down to zero once implemented.
• The deal is expected to generate jobs and benefit workers, artisans, women, youth, startups, and small businesses.
• EU carmakers will get limited entry into the Indian market.
• Vehicles manufactured in India will gain better access to EU markets, expanding choices for consumers.
• Improved EU access for tea, coffee, spices, fruits, vegetables, and processed foods.
• Sensitive sectors such as dairy and cereals remain protected.
• Improved movement for skilled professionals, business visitors, students, and researchers, including better post-study and work opportunities.
• Practitioners of Indian traditional medicine will be allowed to work in select EU countries.
• Safeguards for IP rights, including protection of India’s Traditional Knowledge Digital Library (TKDL).