India EU trade deal will fail? SmartBeingIND. AI

Описание: India EU trade deal. It’s being called the “mother of all deals” due to its scale and economic impact.

Let me tell you the Major Benefits for India
Expanded Export Market
The FTA will give almost duty-free access to European markets for Indian goods — covering up to 99 % of Indian exports and opening EU markets worth around ₹6.4 lakh crore for India.

Textiles, apparel, leather goods, marine products, gems & jewellery, pharmaceuticals, chemicals, and engineering goods stand to gain significantly from lower tariffs and better access.

📦 Tariff Reductions & Savings
The agreement will slash tariffs on 96.6 % of traded goods, drastically lowering duties on many Indian products entering the EU.

This means Indian exporters will pay much lower customs charges and can compete more effectively in Europe against rivals from Bangladesh, Vietnam, and elsewhere.

💼 Jobs & Economic Growth
Enlargement of trade with the EU is expected to boost employment and production in India’s manufacturing and service sectors as export demand increases.

More Indian companies will find it easier to scale up and hire, particularly in labour-intensive sectors like textiles and leather.

💰 Foreign Investment & Industrial Expansion
The deal is expected to spur foreign investment from Europe, as European companies find it easier to operate in India’s large market.

With more predictable trade rules, European investors may expand factories, R&D, and supply chains in India.

🍷 Consumer Benefits
Indian consumers will also benefit from lower import duties on many European products, such as wines, cars, olive oil, and other goods, leading to competitive prices and more variety.

🧠 Strategic & Long-Term Gains
Beyond tariffs, the FTA is seen as strengthening economic and strategic ties with Europe, offering India room to diversify global trade partnerships and reduce over-dependence on any single market.

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