India EU Free Trade Deal | Modi Von der Leyen FTA | India EU Summit 2026 | India Today LIVE

India EU Free Trade Deal | Modi Von der Leyen FTA | India EU Summit 2026 | India Today LIVE

India and the European Union have just delivered the "Mother of All Deals"! After nearly two decades of negotiations, the landmark India-EU Free Trade Agreement (FTA) has been concluded at the historic India-EU Summit in New Delhi. Prime Minister Narendra Modi, European Commission President Ursula von der Leyen, and European Council President António Costa announced the mega pact, creating a free trade zone of nearly 2 billion people and covering 25% of global GDP. Von der Leyen praised the tireless efforts behind the scenes, offering special thanks to EU Trade Commissioner Maroš Šefčovič and India's Commerce Minister Piyush Goyal for their outstanding work in making this historic day a reality. Piyush Goyal highlighted unprecedented market access for over 99% of India's exports to the EU at concessional duties, boosting labour-intensive sectors like textiles, leather, gems, pharmaceuticals, and more – potentially creating millions of jobs. The deal slashes tariffs on key goods: easier access for European cars, wine, and agri products in India, while Indian textiles, marine products, and jewellery gain massive advantages in Europe. This comes amid global trade tensions, including US tariffs under President Trump, positioning the pact as a strategic hedge for both sides. Expect doubled EU exports to India by 2032, reduced dependencies, and huge growth in services, tech, and investment. Modi called it a step toward global stability in turbulent times. Stay tuned for live updates, expert breakdowns, sector-wise impacts (textiles could jump from $7B to $30-40B!), job creation estimates, what it means for consumers (cheaper European goods?), and reactions from industry leaders. Formal signing after legal vetting, possible implementation in 2026. Like, comment your thoughts, share, and subscribe for continuous real-time coverage on this game-changer! #IndiaEUFTA #MotherOfAllDeals #breakingnews

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