FTA to boost Indian textiles, pharma, chemicals, agri exports as EU remains key trade partner: ICRA

India's new Free Trade Agreement with the European Union promises substantial benefits for key Indian industries. Sectors like textiles, pharmaceuticals, chemicals, and agriculture will see improved export competitiveness. The pact eliminates tariffs on most goods, boosting India's market access. This agreement is set to enhance trade, spur investment, and create jobs, strengthening India's global economic standing.