India’s Trade Deal with European Union a Silver Lining: Why This FTA Holds Major Significance
New Delhi: India’s recently concluded trade agreement with the European Union (EU) is being hailed as a landmark deal with far-reaching benefits. Negotiated over years, this Free Trade Agreement (FTA) not only strengthens historical trade ties but also reflects a commitment to rules-based trade amid a volatile global economic environment.
Historical context
India’s trade relationship with Europe dates back to 250 BCE, when Indian muslin, cotton, handicrafts, spices, emeralds, and other precious stones were highly sought after in European markets. In return, India received gold and silver, marking a period of unprecedented trade growth. Efforts to formalize this relationship through a free trade agreement began in 2007, though talks stalled in 2013 due to disagreements. Negotiations r...









