The Breakdown 25

• India and the European Union have forged a groundbreaking free trade agreement, hailed as the "mother of all deals," marking a historic leap in their economic and strategic collaboration after two decades of negotiations.
• This ambitious pact significantly reduces tariffs on European goods, paving the way for enhanced access to India’s vast market of 1.4 billion people while potentially influencing a combined population of 2 billion across both regions.
• In a strategic pivot, the EU aims to diversify its trade partnerships, seeking to lessen dependency on traditional powerhouses like the U.S. amid a backdrop of rising protectionism under former President Trump's administration.
• Key sectors such as the automotive industry stand to benefit greatly from the deal, with European firms now positioned to explore new opportunities within India, further driving economic growth and job creation.
• While the agreement is poised to bring substantial economic gain, it also steers clear of sensitive agricultural products, reflecting the EU's commitment to food safety and domestic stability.
• Celebrated in the media as a landmark achievement, the agreement underscores the evolving landscape of global trade, positioning India as a crucial player in a multipolar world.