Classic fear-mongering, should stop selling panic: BJP slams Rahul Gandhi over ‘economic tsunami’ remark
Despite facing multiple black swan events, India has continued to remain the world’s fastest-growing major economy, Amit Malviya said.
In a landmark breakthrough, the negotiations for the ‘mother of all deals‘ concluded successfully today. The official announcement of the long-awaited free trade agreement between India and the European Union will be made on Tuesday, 27 January 2026, during the India-EU summit, confirmed the Commerce Secretary Rajesh Agrawal.
He further stated that the formal deal signing will be done after legal scrubbing, which takes around five to six months. He hinted that the deal will enter into force sometime next year.
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The Commerce Secretary called it a ‘balanced, forward-looking deal,’ which will allow better economic integration between India and the EU. He said that the agreement will push trade and investment between the two parties.
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The talks over the free-trade agreement had started in 2007; however, negotiations were relaunched in 2022.
EU, too, holds FTA in high esteem
The India-EU FTA is being viewed as the key agreement by the European Union as well. The EU Trade Commissioner Marcos Sefcovic called it the largest trade deal ever, highlighting that around 6,000 European companies already operate in India amid trade surge between the two partners in the last ten years.
He said that the deal will build a free trade area encompassing nearly two billion people and lift many Indian customs duties on European goods.
PM Modi to host 16th EU-India summit
The 16th EU-India summit, scheduled to take place in New Delhi, will be hosted by Prime Minister Narendra Modi. The President of the European Council, Antonio Costa, and the President of the European Commission, Ursula von der Leyen, will represent the European Union at the summit.
A joint EU-India comprehensive strategic agenda is expected to be adopted by the participating leaders at the summit. The agenda targets greater strategic cooperation between India and Europe in four fields: technology and innovation, security and defence, connectivity and global issues and prosperity and sustainability.
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