India-EU Trade Deal: Former Envoy Manjeev Singh Puri Explains The 'Trump Factor' And Global Impact

Описание: In this special broadcast, former Indian Ambassador to the European Union, Manjeev Puri, discusses the significance of the India-EU Free Trade Agreement (FTA). Puri describes the deal as a 'red letter day,' noting that it signals to European businesses that India is ready for large-scale investment and integrated supply chains. He highlights that while the EU is already India's largest trading partner in goods, this agreement lowers protectionist barriers and opens doors for technology transfer, particularly in the defence sector. Puri also addresses the geopolitical shift, suggesting that the 'Trump factor' and US tariff threats have pushed both India and the EU toward multi-alignment. He emphasizes that the deal provides a segue for European investments to help build the Indian economy while allowing the EU to diversify its partnerships beyond the transatlantic alliance and China. The conversation also touches upon India's potential as a global manufacturing hub for defence hardware like Rafale aircraft and submarines.

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