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Informist, Tuesday, Jan. 27, 2026

 

--PM: India, EU agreed to "mother of all deals" on Mon 

--PM: India-EU FTA to strengthen trade, mfg, supply chain 

 

NEW DELHI – India and the European Union agreed to a very big agreement, which some have called the "mother of all deals", on Monday, Prime Minister Narendra Modi said Tuesday. The deal represents one-third of global trade and 25% of global GDP, Modi added. European Commission President Ursula von der Leyen and European Council President Antonio Costa are currently in New Delhi.

 

The free trade agreement concluded between New Delhi and Brussels will strengthen trade, manufacturing, and supply chain for India, Modi said in an address in online mode at the India Energy Week. This deal will compliment India's trade deal with other developed regions like the UK and the European Free Trade Association, Modi said. 

 

While further details of the trade deal are awaited, this marks India's fourth trade deal this financial year, after the ones signed with the UK, Oman, and New Zealand. Trade talks between India and the EU had begun in 2023. The EU accounts for more than 15% of India's total exports. India shipped goods worth $78.85 billion to the bloc in 2024–25 (Apr–Mar) and posted a trade surplus of $15.17 billion.  End

 

US$1 = INR 91.85

 

Reported by Krity Ambey

Edited by Avishek Dutta

 

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