Explainer: India–EU FTA expected to lift Indian exports to Europe

India and the European Union have finalized negotiations for a free trade agreement. This pact aims to boost India's exports and reduce reliance on China. Tariffs will be lowered or eliminated, benefiting sectors like technology, pharmaceuticals, and textiles. Bilateral trade in goods reached over 136 billion dollars in 2024-25. This agreement marks a significant step in economic cooperation.